The Lacuna Project

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Exhibit 184

Association between hospital private equity acquisition and outcomes of acute medical conditions among Medicare beneficiaries

Exhibit 184 · Peer-reviewed cohort study

Association between hospital private equity acquisition and outcomes of acute medical conditions among Medicare beneficiaries

a greater decrease in 30-day mortality (difference, -1.41 percentage points; 95% CI, -2.26 to -0.56 percentage points) was found at acquired vs nonacquired hospitals

Examined more than 21 million Medicare records for five acute conditions, 2001–2018, with a generalized difference-in-differences design. Acquisition was associated with lower heart-attack mortality: −1.14 percentage points in hospital and −1.41 points within 30 days (95% CI −2.26 to −0.56). Mortality for stroke, heart failure, COPD exacerbation and pneumonia did not change significantly, and readmissions and 30-day spending did not differ. Follow-up extended three years after acquisition.

Source
Cerullo et al., JAMA Network Open 5(4):e229581
Date
1 April 2022
Quoted from
Abstract, Results (JAMA Netw Open 5(4):e229581)
Grade
Peer-reviewed
Document
https://doi.org/10.1001/jamanetworkopen.2022.9581
Accessed
2026-11-09
Cited by
Findings citing this exhibit

Cited by

Finding MED-9.8
Peer-reviewed After private equity acquisition, hospital-acquired conditions rose at acquired hospitals and patient mortality rose at acquired nursing homes. A third study found lower heart-attack mortality at acquired hospitals.