A Michigan for-profit company known for taking over financially distressed hospitals was named in a bankruptcy filing last week as a possible purchaser of Delaware County’s Crozer Health. Insight Health System’s reputation was described recently as “Ambulance Chasers of Totaled Hospitals” in an article headline in the American Prospect, which describes itself as a publication for progressive perspectives on public policy. Insight was founded by neurosurgeon Jawad Shah in Flint, Mich., and has since expanded to Chicago, where in 2021 it acquired a hospital for $1 from Trinity Health. Last fall, the company was picked by landlord Medical Properties Trust to take over two Ohio hospitals from bankrupt Steward Health Care.
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Source: https://www.msn.com/en-us/money/companies/a-michigan-for-profit-hospital-company-named-as-possible-purchaser-of-bankrupt-crozer-health/ar-AA1zF8qo