研究发现,ReIT公司拥有的美国医院面临5.7倍以上的破产风险。 REIT-owned U.S. hospitals face 5.7 times higher bankruptcy risk, study finds.

2025年12月18日《BMJ》发表的一份新研究报告发现,与非REIT医院相比,美国出售给房地产投资信托公司(REITs)并租回其设施的医院面临5.7倍的破产或关闭风险。 A new study published in The BMJ on December 18, 2025, finds that U.S. hospitals sold to Real Estate Investment Trusts (REITs) and leasing back their facilities face a 5.7-fold higher risk of bankruptcy or closure compared to non-REIT hospitals. 在分析2005年至2019年的数据时,研究人员发现对病人护理质量或结果没有重大影响,但REIT拥有的医院显示财务健康状况恶化,大约25%的医院关闭或申请破产,远远高于非REIT医院4%的比率。 Analyzing data from 2005 to 2019, researchers found no significant impact on patient care quality or outcomes, but REIT-owned hospitals showed worsening financial health, with about 25% closing or filing for bankruptcy—far higher than the 4% rate among non-REIT hospitals. 研究报告警告说,房地产销售的收益可能不会再投资于医院服务,从而有可能破坏长期稳定。 The study warns that proceeds from real estate sales may not be reinvested in hospital services, potentially undermining long-term stability. 专家们敦促加强法规和透明度,以保护医院和社区获得护理的机会。 Experts urge stronger regulations and transparency to protect hospitals and community access to care.