Find more information on the issues deeply affected by private equity investments:
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…
Members of Congress have sent a letter to Leonard Green & Partners asking the firm return the $658 million in fees and dividends it and other owners collected from safety net hospital chain Prospect Medical Holdings. A copy of…
Last week, Private Equity Stakeholder Project sent letters to states’ Attorneys General and other regulators in states where Prospect Medical Holdings owns hospitals. Prospect Medical Holdings is a safety net hospital company owned by private equity firm Leonard Green…
Private equity firm Leonard Green & Partners owns safety net hospital chain Prospect Medical Holdings. The Leonard Green-led ownership group has drawn $658 million dollars in fees and dividends from Prospect Medical Holdings even as the hospitals suffered operating…
In late April, the Wall Street Journal published a story looking at the actions of private equity-owned hospitals during the COVID-19 pandemic (“As Coronavirus Cases Climbed, Private-Equity-Owned Hospital Demanded Bailout”). Private equity money has flooded into the health…
Private equity ownership of nursing homes has drawn substantial scrutiny in recent years, from HCR ManorCare’s increasing health code violations leading up to its bankruptcy to Golden Living’s lawsuits and regulatory violations. An academic study published…
Private equity firm Leonard Green & Partners claims health care as one of its core areas of investment, though its past actions at health care portfolio companies suggests a pattern of aggressive financial policies, saddling portfolio companies with debt…
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…
(pdf version) Over the last several years, the private equity and private funds industry has grown dramatically and, in the process, has come to touch more and more aspects of people’s lives. Private market assets under management hit…
Private equity firm Leonard Green & Partners owns safety net hospital chain Prospect Medical Holdings, which has 17 hospitals in California, Pennsylvania, New Jersey, Connecticut, and Rhode Island. Over the course of its ownership of Prospect, Leonard Green and other…
Private equity firm Leonard Green & Partners owns Prospect Medical Holdings, a healthcare company operating hospitals and clinics in California, Connecticut, New Jersey, Pennsylvania, Rhode Island, and Texas. Leonard Green is now trying to quietly walk away from Prospect after…
Investments by private equity firms in the health care industry have surged in recent years and continue to grow. In 2018, the value of private equity deals in health care reached a record-breaking $31 billion for 388 transactions. Globally, health…
