hospitalinvesting-khn-300x106In an unbelievable fiscal oasis surrounding a spot that a newspaper columnist dubbed Baghdad by the Bay, slick dudes who call themselves VCs (as in venture capitalists) scurry around carrying the equivalent of magic wands and sacks of money in pursuit of elusive unicorns — rare start-up enterprises that Wall Street will value at $1 billion or more.

The sky-high stakes in this modern equivalent of an investing casino typically deters more cautious investors. But apparently not an increasing number of hospitals, which, of course, describe themselves, especially for tax purposes, as nonprofits, reports Jordan Rau of the Kaiser Health News (KHN) service.

As he laid out in a recent article: