Find more information on the issues deeply affected by private equity investments:
The Private Equity Stakeholder Project (PESP) submitted testimony to the Senate Committee on Health, Education, Labor, and Pensions (HELP) for today’s hearing titled “Examining the Bankruptcy of Steward…
The Kroger-Albertsons merger hearing has emerged as a pivotal moment in the ongoing debate over private equity’s expanding role in the retail sector. The $24.6 billion deal[1], largely benefiting Albertson’s private equity owner Cerberus Capital Management,…
A new report from the Private Equity Stakeholder Project explains the corporate pillaging that led Steward Health Care to declare bankruptcy in May 2024. The report details how private equity firm Cerberus Capital Management, aided by hospital landlord…
To download a PDF version of this report, click here. Key points Steward Health Care is a multi-state hospital system that was owned by private equity firm Cerberus Capital Management from 2010 to 2020. Steward formed in…
Group calls it a win for consumers and workers; Albertsons owner Cerberus recently received a failing grade in first-ever labor scorecard Statement by Justin Flores, Labor-Jobs Director at the Private Equity Stakeholder Project (PESP),…
Newly released investigation finds all eleven of the largest firms received grades of “C” or lower, with seven earning failing grades. On November 13, 2023, the Private Equity Stakeholder Project released a first-of-its-kind Private Equity…
First-Ever Scorecard Grades Biggest Private Equity Firms On Labor Practices A new labor scorecard developed by the Private Equity Stakeholder Project underscores a pattern of hazardous or negligent labor practices within the industry. All eleven private equity…
Across the nation, workers and consumers have been rallying against the upcoming merger between retail giants Kroger and Albertsons. The FCC’s decision on this merger could reshape the grocery industry and have profound implications for all those affected. …
PESP’s and United for Respect’s May Day action and Labor Rights platform were featured in an investigative piece by Truthout…
Rural healthcare in America has hit a crisis point. Millions of Americans living in rural communities do not have access to critical healthcare services. NEW REPORT: Private Equity Descends on Rural Healthcare By most measures, the health of people…
In October 2022, grocery giant Kroger announced plans to buy competitor Albertsons for $24.6 billion. Albertsons announced an additional $4 billion dividend payout to investors, which would primarily go to a group of private equity and…
In October 2022, grocery giant Kroger announced plans to buy Albertsons for $24.6 billion.[1] In addition to profiting from the sale, Albertsons announced an additional payout to investors for November 7th that is not contingent on federal approval.
