The Cleveland Clinic carried a reputation as one of the best institutions in the United States, an innovator known for elevating the quality of care. In the pandemic, it distinguished itself as something else—an operator on the make for bailout funds, and a Davos Man collaborator. It tapped the government for $199 million44 in bailout funds, even as it sat on $7 billion in cash, while generating $1.2 billion in investment returns. It had distributed $28 million to investment advisers to manage its portfolio.
