1 January/February 2015 A Comparison of Capital Structure: The Use of Debt in Investor Owned and Not-For-Profit Hospitals Jason S. Turner PhD, Kevin Broom PhD, Michael Elliot PhD, Jen-Fu Lee Jason S. Turner, PhD – Corresponding Author Saint Louis University – Department of Health Management & Policy Kevin Broom, PhD Saint Louis University – Department of Health Management & Policy Michael Elliott, PhD Saint Louis University – Department of Biostatistics Jen-Fu Lee Saint Louis University – Department of Health Administration & Policy Journal of Health Care Finance www.HealthFinanceJournal.com