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:
Private Equity Healthcare Bankruptcies are on the Rise
Key Points 2023 saw a wave of bankruptcies at private equity-owned companies. At least 17 (21%) of the 80 healthcare companies that filed for bankruptcy in 2023 were owned by private equity firms. Another wave of PE-driven healthcare bankruptcies is…
Private Equity in U.S. Healthcare: Trends in 2023 Deal Activity
The Private Equity Stakeholder Project released a report providing an in-depth analysis of private equity dealmaking in the healthcare sector throughout 2023. Titled “Private Equity in U.S. Healthcare: Trends in 2023 Deal Activity”…
How Private Equity Gets Its Cut from Medicare Advantage
This report examines the role of private equity in the growing multibillion-dollar Medicare Advantage industry. With a rapidly aging population in the US, and therefore growing market for Medicare Advantage products, the MA sector has…
Apollo’s Stranglehold on Hospitals Harms Patients and Healthcare Workers
New Report Details Harm Caused to Healthcare Industry by Apollo Global Management Findings add to Senate Investigation of Lifepoint Health’s PE owner The comprehensive study, “Apollo’s Stranglehold on Hospitals Harms Patients and Healthcare Workers,”…
CIM Group: In the Headlines
Over the last 15 years, CIM has been the center of headlines in the New York Times, Washington Post, Los Angeles Times, and Wall Street Journal, among other media outlets. The news stories have covered a range of issues: CIM’s…
Combatting Consolidation Through Pro-Competitive Policy Reforms: Portfolio Caps, Transfer Taxes, and Right of First Refusal Legislation
Tenant advocates and government officials are expressing mounting concerns over the acceleration of corporate investment in housing. Housing financialization first gained momentum following the 2007-2008 mortgage crisis when Wall Street firms acquired foreclosed homes en masse. In recent years, the…
Brookfield’s Climate Paradox: Climate Pledges vs. Fossil Fuel Reality
Brookfield’s Climate Paradox Climate Pledges vs. Fossil Fuel Reality December 2023 report Private equity giant Brookfield Corporation’s vast fossil fuel investments undermine its stated commitment to tackle climate change. With over $850 billion in assets under management—and despite a declared goal…
Private Equity In Durable Medical Equipment
How Private Equity Profits Off of Disabled and Chronically Ill Americans In recent years, private equity firms have aggressively sought to acquire and control segments of the healthcare industry. A report from the Private…
2023 Private Equity Labor Scorecard
First-Ever Scorecard Grades Biggest Private Equity Firms On Labor Practices A new labor scorecard developed by the Private Equity Stakeholder Project underscores a pattern of hazardous or negligent labor practices within the industry. All eleven private equity…
YesCare Dodges Liability for Prison Conditions: Merger, Division, and Bankruptcy
“YesCare Dodges Liability for Prison Conditions: Merger, Division, and Bankruptcy,” written by Private Equity Stakeholder Project (PESP) researcher Michael Fenne, chronicles the consequences of YesCare’s private equity ownership. With a business model prioritizing high profits…
PESP releases report and zine, profiling private equity’s impact on incarceration
Prison life is entirely controlled by the state and corporations that service detention facilities— beyond various physical space constraints, incarcerated people have little choice in what they consume, how they communicate with loved ones, and the structure of…
