Find more information on the issues deeply affected by private equity investments:
Workers at Industrial Hana, a Guatemalan factory that produced garments for Lucky Brand, were left without a job or legally mandated severance pay when the factory suddenly shuttered in October 2023. Industrial Hana failed to pay$1.56 million in…
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…
Private equity’s role in the US healthcare sector is facing increased scrutiny from researchers, journalists, policymakers, and regulators, spurred by a growing body of evidence documenting its negative effects. Multiple state legislatures[1] and members of Congress[2]…
The Gavin Coal Plant (Gavin) is a 50-year-old 2,600 MW coal-fired power plant in Cheshire, OH,[1] originally developed and constructed by American Electric Power (AEP), an electric utility currently spanning 11 states[2]. Gavin is infamous for…
NBC News published two stories following stories unfolding at Memorial Medical Center, a nonprofit community hospital in Las Cruces, New Mexico owned by the city and the county. The hospital is operated as a for-profit facility by Lifepoint Health, a…
A new report from the Private Equity Stakeholder Project unraveled the corporate pillaging that led Steward Health Care to declare bankruptcy in May 2024. The report details how private equity firm Cerberus Capital Management, aided by…
The Carlyle Group plans to establish an oil and gas company in the Mediterranean after acquiring projects in Italy, Egypt, and Croatia from Energean for up to $945 million. The new venture, chaired by former BP CEO Tony Hayward, will…
The New York City Employees Retirement System (NYCERS), the pension fund for New York City employees, recently adopted a Responsible Property Management Standards (RPMS) Policy to support and encourage fair rental practices by investment managers with which…
An article by Verite News published last month discussed the proposed sale of Entergy Corporation’s gas utilities in Louisiana to Baton Rouge-based private equity firm Bernhard Capital. The deal is worth $484 million and would transfer the gas distribution business…
In May, the FBI raided the Atlanta headquarters of apartment manager Cortland Management as “part of an ongoing investigation by the U.S. Department of Justice into potential antitrust violations in the multifamily housing industry”, according to the company.
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,…
