Find more information on the issues deeply affected by private equity investments:
Private equity firm Prospect Medical Holdings Inc. (formally owned by PE firm Leonard Green & Partners) purchased a financially struggling hospital near Philadelphia with promises of restoring profitability and securing the community’s healthcare needs. However, after seven years, Delaware County…
In light of the growing investor interest in healthcare and the risks associated with private equity ownership of healthcare companies, the Private Equity Stakeholder Project is tracking private equity-backed healthcare acquisitions. Below is a list of private equity healthcare…
Medical staffing firm Envision Healthcare is close to exiting bankruptcy after the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division, signed off on the company’s plans of reorganization on October 11.[1] The reorganization splits Envision…
As previously mentioned on the Private Equity Stakeholder Project blog, technology can be utilized by private equity firms, landlords, and other corporate actors to drive up profit at the expense of tenants. One…
Private equity firm American Securities owns ViaPath Technologies, formerly Global Tel Link, one of the nation’s largest prison telecom corporations. Early this year, Bloomberg reported that SPAC Tristar Acquisition I…
Last month, Teen Vogue published a story explaining the private equity industry and the sectors in which PE firms invest. The private equity industry, known for its leveraged buyout practices, is criticized for prioritizing profit over the well-being of purchased…
A Private Equity Climate Risks report released in September, “Uncovering KKR’s Environmental Responsibility Gap,” examined how Kohlberg Kravis Roberts & Co. and its affiliates have run three liquefied natural gas (LNG) investments—the Coastal GasLink pipeline in Canada; the…
Patients in U.S. prisons and jails have no choice in who provides them with healthcare. Instead, contracts are made between private companies and state and local governments, whose officials may not be motivated by care quality concerns, but instead budgetary…
“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…
U.S. prison healthcare provider continues to profit in the midst of wrongful death and sexual abuse lawsuits A new evaluation of U.S. prison healthcare provider YesCare documents how the private equity-owned company used a bankruptcy strategy to evade…
In September 2023, the Federal Trade Commission sued private equity firm Welsh Carson Anderson & Stowe and a healthcare provider under its ownership, alleging a coordinated monopoly scheme at Texas patients’ expense. The complaint alleges that Welsh Carson and US…
In August 2023, CHG Healthcare Services, a medical staffing company, implemented a $530 dividend recapitalization.[1] This is the company’s sixth dividend recapitalization[2] since it was acquired by private equity firms Leonard Green and Partners and Ares…
