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Business

Forest Park Medical Center: More Like Krispy Kreme, or a ‘Gold-plated House of Popsicle Sticks’?

KERA News report taps expertise of D CEO Senior Editor Matt Goodman.
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After writing about it for our business magazine and online for D Healthcare Daily, which he edits, D CEO Senior Editor Matt Goodman has become the go-to guy for reporting on the head-spinning collapse of the Forest Park Medical Center chain. Now Matt’s insights have been tapped by Lauren Silverman at KERA News, which ran a good synopsis of the luxury-hospital fiasco this week.

Likening once-fast-growing Forest Park to a “gold-plated house of Popsicle sticks,” Silverman quotes a Minnesota healthcare analyst who says the chain’s meltdown reminded him of what happened after Krispy Kreme opened several stores in the Twin Cities: “There was a huge amount of buzz, there were reports about cars lining up blocks long to get Krispy Kreme donuts and after a few months the excitement died out, [and] within about two years, all four stores had closed.”

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