“As of 2020, over 72 percent of hospices are for-profit and approximately 24 percent are nonprofit. Less than 3 percent are publicly owned.”
The first US hospice opened in 1974, run by nurses, doctors and clergy. Today over 5,500 hospices served 1.72 million people in 2020, and most of them answer to investors. A CEPR report finds private equity working the gaps left by CMS and the FTC. Dying patients don’t comparison shop, which is exactly why the buyout firms showed up.