Find more information on the issues deeply affected by private equity investments:
The Rhode Island Attorney General and Department of Health, which are reviewing Leonard Green’s application to exit its majority stake in the embattled hospital system, in late October extended their review process for a change in…
As the COVID-19 pandemic wears on, private equity investment in health care continues to outpace the broader industry, and analysts expect that trend to continue. The sector has remained resilient to the pandemic and private equity deal activity is steadily…
Filling in the Gaps on Blackstone’s energy investments Key Points – Private equity firm The Blackstone Group recently released a brochure describing its environmental, social, and governance (ESG) program that left out information about the firm’s extensive fossil fuel…
Department store chain J.C. Penney filed for bankruptcy in May, closing a number of stores and laying off workers. Private equity firm Sycamore Partners, which also owns retailers Staples, Belk, and The Limited,…
Earlier this week, NBC News featured a lengthy investigative story by Gretchen Morgenson on evictions by private equity firms and other corporate landlords since the US Centers for Disease Control and Prevention (CDC) announced an eviction moratorium on September 1…
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 pay…
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 companies…
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 other owners…
Oil company bankruptcies are on the rise, on track in the first nine months of 2020 to hit the highest number since the 2016 price downturn. However, compared to 2016, this year’s bankrupt companies are carrying substantially more debt.
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 Ambulances.”…
The largest alternative asset manager’s extensive fossil fuels investments face litigation, community opposition and environmental violations The risks of fossil fuel investments came into sharp focus for the world’s largest alternative asset manager, The Blackstone Group, over the past several…
