Find more information on the issues deeply affected by private equity investments:
This past November, at the Consumer Voice’s annual conference, Eileen O’Grady of PESP and other experts gave an overview of how private equity ownership of nursing homes can harm residents and shed light on economic practices common to almost…
Private equity firm Apollo Global Managementin late December completed its acquisition of acute care hospital chain Kindred Healthcare and merged it with rural hospital chain LifePoint Health. As part of the transaction, LifePoint has shifted some of the acquired…
In light of the growing investor interest in health care and the risks associated with private equity ownership of health care companies, the Private Equity Stakeholder Project will be tracking private equity-backed health care acquisitions. Below is a list…
In 2021, private equity firms extracted a record-breaking $34.9 billion in debt-funded dividends from companies they own,[1] including dividends from US healthcare companies. Dividend recapitalizations are transactions by which private equity firms load debt onto companies they own…
In another investigative piece on private equity’s “insatiable appetite for healthcare in recent years”, Modern Healthcare reported how the DOJ has won more than $43 million in settlement proceeds from private equity defendants across at least five such cases. Modern…
In light of the growing investor interest in health care and the risks associated with private equity ownership of health care companies, the Private Equity Stakeholder Project will be tracking private equity-backed health care acquisitions. Below is a list…
In light of the growing investor interest in health care and the risks associated with private equity ownership of health care companies, the Private Equity Stakeholder Project will be tracking private equity-backed health care acquisitions. Below is a list…
Modern Healthcare investigated private equity’s growing presence in the healthcare sector, uncovering several examples of private equity firms “eliminating less profitable service lines after buying providers.” Modern Healthcare, November 16, 2021: Studies show less staffing, more surprise bills after…
Three years after Massachusetts Attorney General Maura Healey filed a civil fraud case alleging that HIG disregarded an employee’s complaint that behavioral healthcare provider Community Intervention Services (CIS) was using unsupervised, unlicensed therapists to care for patients, private equity firm…
Peggy Malone, RN, has been a nurse for 32 years, all of them at the Crozer-Chester Medical Center in Upland PA. She testified at the October 20, 2021, U.S. Senate Committee on Banking, Housing and Urban Affairs hearing “Protecting…
The Private Equity Stakeholder Project (PESP) has submitted testimony for the U.S. Senate Banking Committee Economic Policy Subcommittee October 20 hearing: “Protecting Companies and Communities from Private Equity Abuse.” PESP’s written testimony for the US Senate Banking…
Private equity firm H.I.G. Capital has agreed to pay $20 million to settle allegations of Medicaid fraud brought by the US Department of Justice (DOJ) and the Massachusetts Attorney General. Attorney General Maura Healy said it was the largest…
