Scrutiny on Billion-Dollar Non-Profits Like AltaMed Health Services

When Billion-Dollar Non-Profits Stop Looking Like Charities

When Billion-Dollar Non-Profits Stop Looking Like Charities Authored by Jeff Patch via RealClearMarkets, AltaMed Health Services reported $1.72 billion in revenue in 2024, which is more than many publicly traded healthcare companies. Yet unlike a public corporation, the nonprofit entity answers to no shareholders, enjoys broad tax exemptions, and derives much of its revenue from taxpayer-supported healthcare programs. AltaMed also reported $1.66 billion in assets and its rev...

By Tyler Durden