Are foundations bearing fruit?

This is the second installment of a series on the impact of the growing number of sales of not-for-profit hospitals to investor-owned chains. Our March 13 issue reviewed whether communities benefit more from having inventor-owned hospitals that pay taxes or tax-exempt hospitals that provide more charity care. This week: Do tax-exempt foundations deliver on their promises? Also, an analysis of Columbia/HCA Healthcare Corp.'s strategy of acquiring not-for-profits through partnership agreements.