Find more information on the issues deeply affected by private equity investments:
Last month, Washington Monthly published a story looking closely at safety net hospitals and the private equity firms that own these facilities. Washington Monthly March 24, 2023: Private Equity and Its Hospitals…
Investment firm Cedar Health Group has acquired the former Nix Behavioral Health Hospital in San Antonio, which has sat vacant for three years after being shut down by its parent company Prospect Medical Holdings.[1] Prospect is a safety…
In the first month of 2023, two major private equity-owned behavioral health chains have announced closures and layoffs. Private equity-backed Delphi Behavioral Health Group disclosed in January, in compliance with the Worker Adjustment and Retraining Notification (WARN) Act, that it…
A Case Study on Leonard Green & Partners’ Ownership of Prospect Medical Holdings Prospect Medical Holdings is a safety net hospital system that was owned by private equity firm Leonard Green & Partners from 2010-2021. Over the course of…
Prospect Medical Holdings, a hospital chain that owned 17 hospitals in 5 states, has been under fire recently for causing irreparable harm to communities and workers for its hospital closures in Pennsylvania. The Private Equity…
Prospect Closures and Layoffs are Legacy of Private Equity Ownership Prospect Medical Holdings, a hospital chain that owned 17 hospitals in 5 states, has been under fire recently for causing irreparable harm to communities and workers…
For the past two years, Kohl’s has been embroiled in proxy fights with the hedge fund Macellum Advisors. Macellum proposed an alternate slate of directors before the 2022 Annual Meeting, and…
Last week Kohl’s shareholders rejected a bid from activist investors to take over the board, voting to leave the company’s board of directors intact. Earlier this year private equity firms Sycamore Partners and Leonard Green & Partners made offers…
Private Equity Stakeholder Project Jim Baker was a recent guest on Nick Hanauer’s Pitchfork Economics podcast. Pitchfork Economics’ host Hanauer interviews economic and political thinkers in an exploration of society’s growing inequality. Baker explained the private equity’s growth and the…
Reporting on a Pennsylvania four-hospital system’s risk of collapse, WHYY noted that asking that he “decline to approve Prospect Medical Holdings’ proposed change of ownership until Leonard Green & Partners returns the fees and dividends it collected from Prospect.” WHYY…
United for Respect, Private Equity Stakeholder Project, and Americans for Financial Reform today announced that they had sent the below letter to Kohl’s Corporation’s (NYSE: KSS) Board of Directors and Investors. The groups urged the board and…
Large private equity firms have continued to leave a major economic footprint in the healthcare industry. Since 2009, private equity investment in healthcare has outpaced the rate of private equity investments in general. According to data provider Pitchbook, investment in…
