Sounds like the beginning of an old Steve Martin comedy routine, but this is real and it isn’t funny.

National hospital chain, Quorum Health, is moving its assets into a “nonprofit” entity so that it can milk government spending programs like 340B and stop paying taxes:

Quorum Health said the shift will allow it to move away from its current private equity-backed ownership structure, unlocking new ways for its hospitals to receive tax-exempt funding and “philanthropic support” through new partnership opportunities.

One of those opportunities is 340B Drug Pricing Program eligibility, which the health system said will bring $11 million in value every year. Tax exemptions will also bring $13 million in annual savings, it added.

This “nonprofit” hospital gambit is simply joining in on a tax dodge that costs the government tens of billions of lost revenue every year.