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Washington Post is now in the health care business

Discussion in 'Journalism topics only' started by Bob Cook, Oct 2, 2012.

  1. Bob Cook

    Bob Cook Active Member


    The Washington Post buys a majority stake in Celtic Healthcare, a home health and hospice firm. Gawker's already made the jokes about the Post expanding services to its dying print reader base.

    The industry is heavily Medicare-based, and there's a small risk (the Post paid only about $50 million, most likely) that it'll get hammered by cuts to the program. On the other hand, Kaplan, its moneymaker, already IS getting hammered by cuts to private, for-profit educators.

    This seems like an interesting hedge, and it makes you wonder whether, say, Gannett, will get in the health care business. At the moment, large insurers are investing in urgent care and other health delivery services, so there's some sense there's money to be made. A lot of places had held off any deals until the Supreme Court ruled on Obamacare, and now the floodgates are opening.
  2. LongTimeListener

    LongTimeListener Well-Known Member

    Gannett in the health care business would be a sight to behold. All existing health care companies would look like a socialist's utopia.
  3. Baron Scicluna

    Baron Scicluna Well-Known Member

    if Gannett were in the health care business, they'd only pay for Viagra if the erection is six inches or less.
  4. CNY

    CNY Member

    The health center at Cornell (Frank's alma mater) is Gannett Health Services
  5. wicked

    wicked Well-Known Member

    Gannett does have some interest in the industry.

  6. Hokie_pokie

    Hokie_pokie Well-Known Member

    Well, to be fair, Baron, many women do have short attention spans.
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