The Pillaging of Steward Health Care
To download a PDF version of this report, click here. In May 2025, PESP published a blog post that provides an update on Steward Health Care. It can be accessed here. Key points Steward…
Explore the issues
Find more information on the issues deeply affected by private equity investments:
In the wake of the Steward Health bankruptcy, Senator Warren introduces bill to penalize hospital looting, claw back unjust enrichment
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.
Coalition calls on federal agencies to fight private equity’s healthcare abuses
On June 5, over 90 organizations and individuals, representing patients, workers, communities, public interest advocates, and healthcare researchers, called on federal authorities, as part of their review of competition in health care, to take action…
Private Equity in Healthcare – PESP’s May 2024 Roundup
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.
Media coverage of the new Private Equity State Risk Index
This spring, the Private Equity Stakeholder Project launched the Private Equity State Risk Index, a groundbreaking tool aimed at assessing the impacts of private equity on different states. The Private Equity State Risk Index provides stakeholders…
Private equity’s hospitals in low- and middle-income countries
Since 2017, there have been at least 115 new private equity investments in hospital services across Asia, Africa, and Latin America, including 45 buyouts and 70 growth investments. 2023 saw 29 deals alone spanning 12 countries.[1]…
Private Equity Healthcare Acquisitions – April 2024
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…
Private equity-owned hospice company agrees to pay $4.2 million settlement
On May 1, 2024, the Department of Justice (DOJ) announced it had reached a $4.2 million settlement agreement with private equity-owned home health and hospice company, Elara Caring, to resolve allegations that it defrauded Medicare in violation of the…
Media coverage of Senate committee private equity hearing
Last month, Eileen O’Grady, PESP healthcare director, testified before a field subcommittee of the U.S. Senate Health, Education, Labor and Pensions (HELP) Committee. The focus of the hearing was “When Health Care Becomes Wealth Care: How Corporate Greed Puts…
Private Equity in Healthcare – PESP’s April 2024 Roundup
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…
Private Equity Healthcare Acquisitions – March 2024
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,…
Business Insider : The plundering of America’s hospitals
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…
