Find more information on the issues deeply affected by private equity investments:
A Business Insider story profiled multiple hospitals that have closed in recent years. The hospitals in question, all struggling financially, had three key things in common. Firstly, they served economically disadvantaged communities with limited healthcare access. Secondly, these hospitals…
A new report, released this year by PESP, examines the role of private equity in the growing multibillion-dollar Medicare Advantage industry. With a rapidly aging population in the US, and therefore growing market for Medicare Advantage products, the MA sector…
A Stateline story last month looks at the lightly-regulated home health care industry and the private equity firms finding the space to be lucrative. Stateline January 31, 2024: Private equity’s growing footprint in home health care draws scrutiny Help at…
A report from the Private Equity Stakeholder Project and the National Disability Rights Network (NDRN) highlights specifically the toll the PE business model has on people who rely on costly and necessary instruments, known as Durable Medical Equipment (DME), which includes…
A new report from the Private Equity Stakeholder Project released in January revealed how private equity firm Apollo Global Management’s ownership of two major American hospital systems degrades services, hurts workers, and puts patients at grave risk. The report was…
An article by KQED highlights the plight of Katrina Turner, a 43-year-old woman with developmental disabilities who suffered abuse and neglect at the Illinois Home, an Enhanced Behavioral Supports Home (EBSH) in California. Despite hopes for better care at…
New research released by Harvard Medical School highlights concerns about the quality of care in hospitals acquired by private equity firms. The study, published in the Journal of the American Medical Association, reveals a 25% increase in “hospital-acquired adverse…
In The Atlantic piece, “The Secretive Industry Devouring the U.S. Economy,” author Rogé Karma examines how private equity has taken one-fifth of formally publicly-traded companies off the market and effectively hidden them from investors, the media, and regulators.
In The Atlantic piece, “What Financial Engineering Does to Hospitals,” financial experts Joe Nocera and Bethany McLean dig into the role private equity plays in the healthcare system, specifically, the industry’s targeting of hospitals and the negative impacts…
In the Alabama Political Reporter piece, “New report recounts checkered history of Alabama’s prison healthcare provider,” author Jacob Homes discusses PESP’s report “YesCare Dodges Liability for Prison Conditions: Merger, Division, and Bankruptcy…
Duly Health & Care, Chicago’s largest physicians group, is facing financial challenges and taking various cost-cutting measures, including staff layoffs and compensation reductions. The organization has been struggling with a heavy debt burden stemming from a 2017 private-equity deal, and…
Private equity firm Prospect Medical Holdings Inc. (formally owned by PE firm Leonard Green & Partners) purchased a financially struggling hospital near Philadelphia with promises of restoring profitability and securing the community’s healthcare needs. However, after seven years, Delaware County…
