Question

A hospital that is owned by an individual or corporation in order to make a profit is known as which type of hospital?

1) Public hospital
2) Private hospital
3) Non-profit hospital
4) Government hospital

Answer 1

A profit-seeking hospital owned by an individual or corporation is known as a private hospital, which can be a sole proprietorship, partnership, or a private corporation without publicly issued stock.

Step-by-step explanation:

A hospital that is owned by an individual or corporation in order to make a profit is known as a private hospital. Private hospitals can be owned and operated by individuals as a sole proprietorship, or by groups as a partnership. When a hospital is run by a corporation without publicly issued stock, it remains a private company, though there are cases when such organizations can grow quite large.