Explore the issues
Find more information on the issues deeply affected by private equity investments:
Even During the Pandemic, Some Private Equity Firms Are Still Collecting Debt-Funded Dividends from Health Care Companies
After briefly halting the practice earlier this year, private equity firms’ use of dividend recapitalizations has seen a significant resurgence in recent weeks. Dividend recapitalizations are transactions where private equity firms add debt to the companies they own to…
Dividend Recapitalizations in Health Care: How Private Equity Raids Critical Health Care Infrastructure for Short Term Profit
Dividend recapitalizations are transactions by which private equity firms load debt onto companies they own to give themselves cash payouts. The tactic has been widely criticized by both supporters and skeptics of the private equity model for needlessly saddling…
Workers, Community Leaders Speak Out about Leonard Green & Partners’ Prospect Medical Holdings
Workers and community members in Waterbury, Connecticut are speaking out about ongoing problems at Prospect Medical Holdings’ Waterbury Hospital. Prospect is a safety net hospital chain owned by private equity firm Leonard Green & Partners. Leonard Green and…
ProPublica investigation of Leonard Green-owned Prospect Medical finds “broken elevators, dirty surgical gear, bedbugs and more”
ProPublica recently published a lengthy investigation into Leonard Green & Partners’ ownership of safety net hospital chain Prospect Medical Holdings: “Investors Extracted $400 Million From a Hospital Chain That Sometimes Couldn’t Pay for Medical Supplies or Gas for…
Understaffed, Unlicensed, and Untrained: Behavioral Health Under Private Equity
The behavioral health industry has seen immense growth over the last decade, with a substantial portion of that growth driven by private equity investment. Firms have targeted mental health and addiction services, including outpatient and inpatient therapy, intellectual and…
Eviction Filings by Private Equity Firms and Other Large Landlords Surge Despite CDC Eviction Moratorium
On September 1, the US Centers for Disease Control and Prevention (CDC) announced a moratorium on residential evictions through the end of the year to help limit the spread of COVID-19, noting: “In the…
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…
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…
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…
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,…
