Find more information on the issues deeply affected by private equity investments:
An independent analysis of financial disclosures by the embattled safety net hospital chain Prospect Medical Holdings reveals that the chain is in a precarious financial position. Prospect Medical Holdings has been majority-owned by private equity firm Leonard Green &…
On March 25, the House Ways and Means Subcommittee on Oversight hosted a hearing examining Private Equity’s expanded role in U.S. health care. Subcommittee Chair Rep. Bill Pascrell opened up the hearing declaring, “It’s past time for a bright…
Bloomberg reported on our latest research Private Equity Has Already Reaped Hundreds of Millions of Dollars of Debt-Funded Dividends from Health Care Companies in 2021, which was also picked up by The Los Angeles Times and Crain’s…
Just three months into 2021, private equity firms have already collected hundreds of millions of dollars in debt-funded dividends from health care companies they own, including companies that collected CARES Act aid. Dividend recapitalizations are transactions by which…
Last week, the Blackstone Group made headlines for extracting hundreds of millions of dollars from a health care company accused of fraud and then cashing out further by taking it through an IPO. Blackstone is a repeat offender when…
The Washington Post on Monday detailed how private equity Blackstone’s ability to extract so much money out of Apria Healthcare is an example of how the profits flowing to private equity owners can be disconnected from the realities of…
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…
A new academic study has found that private equity ownership of nursing homes has disquieting impacts on operations and patient care, including increasing the mortality of Medicare patients by 10%. Drawing from data reported by the Centers for Medicare…
Announcing a new report by the Private Equity Stakeholder Project, Bloomberg reports how private equity’s increasing reach in the taxpayer-funded healthcare sector has exposed them to false-claims actions “where corporate whistle-blowers bring allegations of civil fraud to the attention of…
Helping to peel off some of the layers of mystery surrounding the practices of private equity firms, Matthew Goldstein of The New York Times examined dividend recaps, “a kind of borrowing long condemned for loading up companies with debt…
The health care industry has increasingly been a target for private equity investment. This is despite the fact that private equity investment in health care companies carries substantial risk to patients, workers, and investors. Firms typically take controlling ownership stakes,…
At its meeting last month, the New Mexico State Investment Council discussed the regulatory and headline risk associated with private equity firm Leonard Green & Partners’ actions at safety net hospital chain Prospect Medical Holdings. NM SIC is a…
