“…An extensive body of literature finds no substantial differences across U.S. for-profit and nonprofit hospitals in terms of pricing (e.g.,Dranove, 1988, Keeler et al, 1999, anticompetitive conducts and mergers (e.g.,Blackstone and Fuhr, 1993, Vita and Sacher, 2001, Capps et al, 2020, care quality, provision of uncompensated care, and technology adoption (e.g.,Sloan, 1998). There are also no clear differences in the satisfaction of workers across nonprofit and for-profit firms (e.g.,Emanuele and Higgins, 2000, Bailly andChapelle, 2013).2 The word "social impact" has many interpretations. In economics, most analyses focus on whether a firm internalizes the consumer surplus that it generates (e.g.,Dewatripont and Tirole, 2019, Duarte et al, 2020), disregarding other agents.…”