Find more information on the issues deeply affected by private equity investments:
Oaktree Capital Management, a subsidiary of private equity giant Brookfield, announced the firm is cashing out on its financial interest in Diversified Energy company–Oaktree’s dirtiest asset– responsible for an estimated 31 million metric tons of CO2e per year.
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…
ViaPath Technologies, a prison telecom provider owned by private equity firm American Securities, is currently seeking a reported $1.45 billion refinancing led by Texas Capital Bank. Further reporting suggests ViaPath and TCB are seeking funding from private credit…
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,…
The largest public pension fund in the United States, the $500 billion California Public Employees Retirement System (CalPERS), began implementing its policy to address subpar labor practices at some of its private equity firms’ portfolio companies. During the…
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,…
In a groundbreaking development, the Private Equity Stakeholder Project (PESP), with members of the Carrizo Comecrudo Tribe and South Texas Environmental Justice Network, convened an in-person meeting with private equity firm Global Infrastructure Partners (GIP) to discuss the firm’s backing…
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…
November 2010 – Cerberus Capital Management, through a newly formed company called Steward Health Care, acquires six Massachusetts hospitals from nonprofit Caritas Christi Health Care in a leveraged buyout. The overall deal is valued at $895 million.[1] Of…
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…
Most recent estimates suggest private equity firms directly employ 12 million people in the United States alone, and millions more around the world. The largest number of workers employed by private equity-owned companies…
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.
