This morning on The Call @ Hedgeye, REITs analyst Rob Simone laid out the facts regarding, “undeniably, a national tragedy that hardly anybody knows about.” This, of course, refers to the shady business dealings of one of Hedgeye’s best short calls to date, Medical Properties Trust (MPW).
Yesterday, a Senate hearing publicized the crisis at hand, signaling that private equity ownership of hospitals stands in the way of proper patient care, and companies like MPW are costing patients their lives.
“Whether it’s the left or the right side of the aisle, it doesn’t really matter because what this is really about is getting to the truth,” said Simone.
“We are talking about real human loss and suffering that MPW is accountable for,” added Hedgeye CEO Keith McCullough. “There’s a reason why countries like Canada and Sweden don’t allow this. They don’t allow privateers with loopholes and accounting gimmicks to suck the blood out of their hospital system.”
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