title: Capital finance and ownership conversions in health care.
abstract: This paper analyzes the for-profit transformation of health care, with emphasis on Internet start-ups, physician practice management firms, insurance plans, and hospitals at various stages in the industry life cycle. Venture capital, conglomerate diversification, publicly traded equity, convertible bonds, retained earnings, and taxable corporate debt come with forms of financial accountability that are distinct from those inherent in the capital sources available to nonprofit organizations. The pattern of for-profit conversions varies across health sectors, parallel with the relative advantages and disadvantages of for-profit and nonprofit capital sources in those sectors.
authors.affiliation: University of California, Berkeley, USA.
authors.forename: J C
authors.initials: JC
authors.lastname: Robinson
mesh_terms: D002202:Capital Financing / Q000458:organization & administration*; D003659:Decision Making, Organizational; D005377:Financial Management, Hospital / Q000458:organization & administration*; D019981:Health Care Sector; D006273:Health Facility Merger / Q000458:organization & administration*; D006754:Hospital Restructuring / Q000458:organization & administration*; D006777:Hospitals, Proprietary / Q000458:organization & administration*; D006788:Hospitals, Voluntary / Q000458:organization & administration*; D006801:Humans; D007349:Insurance, Health, Reimbursement; D020407:Internet; D007449:Investments; D010067:Ownership / Q000458:organization & administration*; D011216:Practice Management, Medical / Q000458:organization & administration; D013660:Taxes; D014481:United States