For-Profit Companies Open Psychiatric Hospitals in Areas Clamoring for Care - KFF Health News
Source: KHN
GRINNELL, Iowa — A for-profit company has proposed turning a boarded-up former nursing home here into a psychiatric hospital, joining a national trend toward having such hospitals owned by investors instead of by state governments or nonprofit health systems. The companies see a business opportunity in the shortage of inpatient beds for people with severe mental illness. The scarcity of inpatient psychiatric care…
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