Find more information on the issues deeply affected by private equity investments:
In June, the Yakima County Superior Court considered a lawsuit brought by farmworkers against Windmill Farms and the company’s private equity owners, Instar Asset Management. Filed last November, the lawsuit details allegations of…
Today, the Private Equity Stakeholder Project (PESP) released a report detailing the private equity duopoly that dominates the FCC-funded Video Relay Service (VRS), a critical translation tool for Deaf and hard-of-hearing individuals provided by the federal government, used for…
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…
To download a PDF version of this report, click here. Table of Contents Executive Summary Introduction A Federally Authorized Program Gaps in FCC oversight of the VRS industry The Private Equity Owned…
On July 24, AFT, a union representing 1.8 million workers in education healthcare and public services, released a report, Managing Labor Risks in Private Equity, which calls on public pension fund trustees to press private equity firms…
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…
Private equity giant, The Carlyle Group, announced in June it is building a new oil and gas drilling and exploration company in the Mediterranean. The firm kicked off this endeavor with a $945 million acquisition of a portfolio…
In May 2024, Blackstone announced a new program to distribute ownership to employees at all the portfolio companies it acquires in the future. The firm will start by implementing the program at Copeland,…
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…
The Private Equity Stakeholder Project (PESP) and the Alliance of Californians for Community Empowerment (ACCE) have published an analysis of private equity giant Blackstone’s profit-seeking practices in California as residents suffer amidst one of the nation’s worst…
To download a PDF version of this report, click here. Table of Contents Key Points About Blackstone Blackstone Goes on a Buying Spree Blackstone Hikes Rents in San Diego Blackstone Ramped Up…
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…
