Buy and bust: After Platinum Health took control of Noble sites, all hospital workers were fired

Paul Huemann, a former lab supervisor at Audrain Community Hospital in Mexico, Missouri, was recently let go after the hospital’s parent company suddenly announced it was shuttering the facility. Noble Health, a three-year-old private equity-backed startup, had acquired Audrain and nearby Callaway Community Hospital during the pandemic. In March, it suspended all hospital services and later furloughed 181 employees, state records show. In April, Platinum asked Missouri officials to extend until Sept. 21 a deadline to reopen the hospitals.

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