Find more information on the issues deeply affected by private equity investments:
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…
In a January 2023 report, “Private Equity Descends on Rural Healthcare,” Private Equity Stakeholder Project released previously unreported data on private equity ownership of rural hospitals. Multiple news publications covered the report and…
The healthcare industry is continuously evolving and changing, especially in rural areas where healthcare services are often limited. Private equity has emerged as a major player in the healthcare industry, and its presence in rural areas has become…
In recent years, private equity investment has been flooding into the addiction treatment industry. Marketplace states, “Addiction treatment — now seen as a big moneymaker — has become a prime investment target because…
Private equity firm H.I.G. Capital is the owner of healthcare provider Wellpath, which provides services in jails and prisons. Wellpath has recently seen its credit rating downgraded, faced an executive bribery scandal, and has continued to draw attention for conditions…
Rural healthcare in America has hit a crisis point. Millions of Americans living in rural communities do not have access to critical healthcare services. NEW REPORT: Private Equity Descends on Rural Healthcare By most measures, the health of people…
Private Equity Descends on Rural Healthcare Sweeping new report provides unprecedented look at private equity investment in rural healthcare A new report by the Private Equity Stakeholder Project (PESP), “Private Equity Descends on Rural Healthcare,” provides an unprecedented look…
Last month, the Biden administration recently released a spreadsheet of ownership data on all Medicare-certified hospitals in the US, citing its commitment to transparency and promoting competition. STAT News December 20, 2022: Biden admin shares ownership data for thousands…
Sterigenics Agrees to Pay $408 Million to Settle Hundreds of Claims of Cancer-Causing Emissions Private-equity-owned medical sterilization company Sterigenics has agreed to pay $408 million to settle hundreds of cases alleging that its ethylene oxide emissions caused cancer and…
CBS News, Dec 6, 2022: “What they’ve done is extremely evil”: Pennsylvania hospital shutdown spurs questions about private equity in health care CBS News recently investigated the…
No Surprises Here Private equity-backed companies are among the top initiating parties in the No Surprises Act Independent Dispute Resolution process In December 2022, the Centers for Medicare and Medicaid Services published a report containing initial data (covering…
