Stop the Sellout! Providence’s For-Profit Partnership Endangers Patients

Tell state regulators to reject the proposed joint venture between Providence Health and Compassus to keep your healthcare driven by your needs, not corporate profits!

ALSO:

• Email hcmo.info@oha.oregon.gov 
• Leave a voicemail at 503-945-6161 
• Fill out the public comment form

Background:

Providence is attempting to spin off its nonprofit home health, hospice and community palliative care programs into a joint for-profit enterprise run by private-equity-owned Compassus.

Right now, this Providence/Compassus joint venture is being reviewed by Oregon’s Health Care Market Oversight program. Healthcare workers and community members are speaking up to share their concerns about transparency, patient care, and the potential negative effects on health outcomes in Oregon’s vulnerable communities with this joint venture.

For-profit, private equity healthcare generally leads to higher prices, lower access and worse healthcare. Research shows private equity corporations consistently cut staffing and services, increase patients’ costs and illness, and contribute little to our communities’ long term health and wellbeing. The bottom line: Partnering with private-equity will lead to higher costs and worse care. Now is the time to act!