Find more information on the issues deeply affected by private equity investments:
Each month, PESP’s Healthcare Team will be putting together a roundup that shares the latest news stories related to private equity in healthcare and highlights the work that our team has published in the last month. In the news…
Introduction In June, eleven attorneys general (AG) submitted a letter to the federal government outlining how private equity in U.S. healthcare can harm patients and workers. The signatories were the AGs from California, Connecticut, Delaware, Illinois, Minnesota, New Jersey,…
In light of continued investor interest in healthcare and the risks associated with private equity ownership of healthcare companies, the Private Equity Stakeholder Project is tracking private equity-backed healthcare acquisitions. Below is a list of private equity healthcare buyouts,…
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…
On June 11, 2024 U.S. Senators Elizabeth Warren (D-Mass.) and Ed Markey (D-Mass.) introduced the Corporate Crimes Against Health Care Act of 2024 to root out corporate greed and private equity abuse in the health care system.
On June 5, over 90 organizations and individuals, representing patients, workers, communities, public interest advocates, and healthcare researchers, called on federal authorities, as part of their review of competition in health care, to take action…
Each month, PESP’s Healthcare Team will be putting together a roundup that shares the latest news stories related to private equity in healthcare and highlights the work that our team has published in the last month.
This spring, the Private Equity Stakeholder Project launched the Private Equity State Risk Index, a groundbreaking tool aimed at assessing the impacts of private equity on different states. The Private Equity State Risk Index provides stakeholders…
Since 2017, there have been at least 115 new private equity investments in hospital services across Asia, Africa, and Latin America, including 45 buyouts and 70 growth investments. 2023 saw 29 deals alone spanning 12 countries.[1]…
In light of continued investor interest in healthcare and the risks associated with private equity ownership of healthcare companies, the Private Equity Stakeholder Project is tracking private equity-backed healthcare acquisitions. Below is a list of private equity…
On May 1, 2024, the Department of Justice (DOJ) announced it had reached a $4.2 million settlement agreement with private equity-owned home health and hospice company, Elara Caring, to resolve allegations that it defrauded Medicare in violation of the…
