Find more information on the issues deeply affected by private equity investments:
On August 20, 2024, the Department of Justice announced a $3.85 million settlement with Intrepid USA, Inc. regarding alleged violations of the False Claims Act (FCA).[1] Headquartered in Dallas, Texas, Intrepid, USA is a home health and…
In light of continued 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 buyouts,…
In a letter to JAB Holding Company sent August 6, 2024, Senators Elizabeth Warren (D-MA) and Richard Blumenthal (D-CT) slammed the firm for its role in the rapid consolidation of veterinary care in the United States.[1] JAB…
Statement from Mary Bugbee, Healthcare Director at the Private Equity Stakeholder Project (PESP), on the announcement that Steward Health Care will sell its physician network to Rural Healthcare Group, an affiliate of the private equity firm Kinderhook Industries. Kinderhook …
The Private Equity Stakeholder Project (PESP) and the Center for Economic and Policy Research (CEPR) have jointly submitted a public comment letter to the Consumer Financial Protection Bureau (CFPB) regarding the proposed amendment…
The Private Equity Stakeholder Project (PESP) has released updated research highlighting a significant and ongoing trend in the healthcare sector: bankruptcies among private equity-owned healthcare companies. During the first half of 2024 alone, nine such companies have filed …
In July, four Virginia substance use disorder (SUD) treatment clinics owned by Crossroads Treatment Centers – a private equity-owned chain – agreed to pay $863,934 to settle allegations by Virginia and the U.S. Department of Justice that from 2016 through…
Private equity-owned home healthcare and hospice giant Gentiva (formerly Kindred at Home) has agreed to pay $19.4 million to settle allegations by the US Department of Justice (DOJ) and the Tennessee Attorney General of billing fraud.[1] The…
Each month, PESP’s Healthcare Team will be putting together a roundup that shares the latest news stories related to private equity in healthcare and highlights the work that our team has published in the last month. In the news…
Key Points During the first half of 2024, nine private equity-owned healthcare companies have filed for bankruptcy, comprising 23% of all large US healthcare bankruptcies so far this year. Some other private equity-owned healthcare companies have also defaulted on their…
Private equity and the drug war In May, the Private Equity Stakeholder Project participated in a panel hosted by Drug Policy Alliance on the topic of privatization and the war on drugs. Private equity firms have profited…
Senator Markey, chair of the Health, Education, Labor, and Pensions (HELP) Subcommittee on Primary Health and Retirement Security, and Congresswoman Jayapal introduced the Health Over Wealth Act, targeting transparency and accountability for private equity firms and for-profit companies in…
