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Find more information on the issues deeply affected by private equity investments:
Rhode Island Treasurer letter to Leonard Green & Partners regarding safety net hospital company Prospect Medical Holdings
Private equity firm Leonard Green & Partners owns safety net hospital chain Prospect Medical Holdings. In response to the increasing scrutiny of Leonard Green’s actions at the hospital company, including of Leonard Green and other owners…
Huge Private-Equity-Owned Aspen Dental Secured Millions in PPP Loans Meant for Small Businesses
Data released by the US Small Business Administration on its Paycheck Protection Program (PPP) reveals that large private equity-owned dental services company Aspen Dental Management received PPP loans. The PPP program was created to provide relief to small businesses…
Huge Private-Equity-Owned Aspen Dental Secured Millions in PPP Loans Meant for Small Businesses
Data released by the US Small Business Administration on its Paycheck Protection Program (PPP) reveals that large private equity-owned dental services company Aspen Dental Management received PPP loans. The PPP program was created to provide relief to small businesses…
After Paying $658 Million in Dividends and Fees to Investors, Prospect Medical Holdings Received $283 Million in Federal COVID-19 Aid
Private equity firm Leonard Green & Partners and other owners have collected $658 million in fees and dividends from safety net hospital chain Prospect Medical Holdings in the last several years. Prospect owns 17 hospitals in 5 states: California, Connecticut,…
Broken Promises: Regulators Question Leonard Green’s Investment in Prospect Medical Holdings
Leonard Green & Partners owns Prospect Medical Holdings, a safety net hospital chain that operates seventeen hospitals in five states. Over the course of their ownership, Leonard Green and other owners have collected at least $658 million in fees and…
Members of Congress slam Leonard Green & Partners’ response on safety net hospital company Prospect Medical Holdings, calling its actions “unacceptable and dishonest”
Earlier this week, lawmakers from California, Pennsylvania, Connecticut, Texas and Rhode Island sent a letter to private equity firm Leonard Green & Partners regarding its investment in safety net hospital company Prospect Medical Holdings, which owns hospitals in California,…
Jails and Prisons Served by H.I.G. Capital-owned Wellpath face COVID-19 outbreaks, deaths, concerns regarding staffing levels
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…
Leonard Green & Partners comes under fire by Members of Congress for raiding safety net hospital chain Prospect Medical Holdings
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…
Letters to State AGs – Leonard Green Should Give Back the Dividends and Fees it Collected from Safety Net Hospital Company Prospect Medical Holdings
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 &…
UPDATE: Leonard Green-led ownership collected $658 million from safety-net hospital company despite challenges, commitment to regulators to forgo dividends
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…
Wall Street Journal focuses on Cerberus Capital, Leonard Green-owned hospitals’ actions during COVID-19 pandemic
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…
