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Find more information on the issues deeply affected by private equity investments:
Blackstone a Repeat Offender in Health Care Fraud Settlements
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…
At G4S Global Alliance Forum, Private Equity Stakeholder Project Briefs Employee Representatives From Around the World of Risks Related to Private Equity Takeover of Security Firm
PESP Executive Director Jim Baker was a guest speaker at UNI Global Union’s annual G4S Global Alliance forum, highlighting the amount of debt the British multinational will have if it is over by private equity firm Warburg Pincus and…
Private Equity Health Care Acquisitions – February 2021
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…
Oaktree Capital Co-Chairman Buys $26m Mansion as His Firm Files to Evict Hundreds of Residents in Arizona, Nevada
Private equity and debt firm Oaktree Capital owns thousands of apartments around the US. Despite the CDC eviction moratorium, affiliates of Oaktree Capital have continued to file and advance residential eviction cases. Oaktree Capital affiliates have filed at least 270…
Despite CDC Moratorium, Private Equity Firms and Other Large Landlords Have Filed to Evict More Than 16,000 People In First Two Months Of 2021
Outsized Impact on Marginalized Communities Private equity firms and other corporate landlords have filed to evict more than 16,000 people in the first two months of 2021 even with a nationwide eviction moratorium ordered by the Centers for Disease Control…
New Study Finds that Private Equity Ownership of Nursing Homes Substantially Increased Mortality, Decreased Patient Well-Being
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…
Warburg Pincus’ and Allied Universal’s pending acquisition of G4S will create largest private equity-owned employer globally with more than 800,000 workers, add $4.6 billion in debt
Despite calls from public officials and unions, companies have failed to address how they will support employees and manage risks Yesterday, security company GardaWorld bowed out of the bidding for giant rival G4S, setting the stage for Allied Universal, owned…
Investors Seek Accountability for Leonard Green & Partners’ Looting of Safety Net Hospitals
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…
T.H. Lee Partners Fundraises for Itself Even as it Fails at Promise to Raise Funds for Laid Off Art Van Furniture Workers
In January, private equity firm Thomas H Lee Partners launched fundraising for its newest flagship buyout fund, Thomas H Lee Equity Fund IX, seeking to raise $4.25 billion. T.H. Lee has enlisted placement agent Rede Partners to aid…
Private Equity Health Care Acquisitions – January 2021
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…
Blackstone Collects Debt-Funded Dividend from Apria Healthcare Within Weeks of Billing Fraud Settlement
Apria Healthcare provides home respiratory therapy, home infusion therapy and home medical equipment. Private equity firm the Blackstone Group has owned Apria since it took the company private in October 2008.[i] In December, as the COVID-19 pandemic spiked in…
