WASHINGTON — Sen. Tammy Baldwin on Monday blasted Ascension for service cuts at hospitals in Wisconsin and questioned whether returns from the Catholic health system’s for-profit investments are actually being used to help patients.
Baldwin wrote a letter addressed to Ascension that cites STAT reporting about the extent of Ascension’s more than $1 billion in private equity investments alongside TowerBrook Capital Partners, including Ascension’s relationship with debt collection company R1 RCM.
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