Find more information on the issues deeply affected by private equity investments:
Treasurers Demand Public Input in Proposed Corporate Merger Creating the Third Largest Employer Private equity firms Warburg Pincus and BC Partners should explain how they will manage risks related to workers if they are successful in acquiring G4S, a security…
The largest private sector employers in the world, Walmart and Amazon, are well known names. Now, two lesser-known private equity firms, BC Partners and Warburg Pincus, the latter where former US Treasury Secretary Timothy Geithner now serves as president,…
H.I.G. Capital’s prison and detention health care provider Wellpath and its predecessors Correct Care Solutions and Correctional Medical Group companies have faced concerns for years about whether the company provides sufficient and adequately trained healthcare staff at facilities it…
Two of the largest health care providers to jails, prisons, and detention centers in the US, Wellpath and Corizon, are owned by private equity firms, HIG Capital and BlueMountain Capital, respectively. Resources: July 2019: “HIG Capital’s and Wellpath’s Correctional…
The COVID-19 pandemic poses an unprecedented risk for people who are incarcerated or detained. Prisons and jails are breeding grounds for infection as people are crowded into tight quarters and forced to share cells and showers, making social distancing impossible…
American Securities’ GTL, the largest correctional telephone and communications provider, has faced scrutiny for exorbitant phone and video-calling rates, flaunting legal protections, allegedly bribing government officials, and growing regulatory risk. Full report available here. Key Points: American Securities’ ownership…
Private equity firm Platinum Equity owns Securus, one of the largest prison and jail phone and communications companies. Securus has drawn criticism from advocates for charging exorbitant fees and call rates to families with incarcerated relatives, costs that disproportionately…
In late October, Gerard Boyle, the founder of Wellpath, a prison and detention healthcare company owned by private equity firm HIG Capital, was indicted on federal bribery charges along with Robert McCabe, the former Norfolk, Virginia Sheriff. According…
In buying up and combining two correctional service companies, Trinity and Keefe, HIG Capital’s TKC has an incentive to serve poor quality meals, which have been blamed in part for protests, contract terminations, and increased public health risks. Our new…
Private equity firm Platinum Equity acquired Securus, one of the largest phone and communications companies for jails and prisons, in November 2017. Securus has drawn criticism for charging exorbitantly high call rates and fees to incarcerated people and their support…
Earlier this week, Senator Elizabeth Warren and Representatives Alexandria Ocasio-Cortez and Mark Pocan sent letters to several private equity firms profiting from incarceration and detention. Apax Partners, which owns electronic monitoring company Attenti, pushed back, insisting its investment…
Our new report looks at the risks of private equity firm H.I.G. Capital’s investment in prison and detention center healthcare provider Wellpath. Key Points: Over the past several years, private equity firm HIG Capital has built up one of…
