Find more information on the issues deeply affected by private equity investments:
H.I.G. stands out from its peers for repeated problems with regulatory and reputational risk across multiple companies, including federal lawsuits for health care fraud and notoriously poor quality at its prison services companies. H.I.G. companies with compliance issues include: Community…
While the rest of the world races to address the climate crisis, KKR is redoubling on fracking by merging its Independence Energy with Contango Oil & Gas Co to create a consolidation-focused oil and gas company with an enterprise value…
In December 2020, the Roark Capital-owned company Inspire Brands acquired Dunkin’ Brands for $11.3. billon. Dunkin’ Brands operates Dunkin’ Donuts and Baskin Robbins. Dunkin’ Donuts, the second largest coffee chain in the U.S. behind Starbucks, has a long record of…
The Private Equity Stakeholder Project published a report on Atlanta-based Roark Capital Partners IV, which specializes in buying and running franchise businesses, especially within the food and restaurant industry. The performance of Roark, which closed at $2.5 billion in…
PESP to SEC on Climate Risk Disclosures: Private Equity Must Report Risks and Impacts In light of the accelerating climate crisis, the damage from corporate actors is coming under increasing scrutiny. The Securities and Exchange Commission (SEC) opened an opportunity…
On June 1, the United States government intervened in a health care fraud suit against Curo Health Services, one of the largest hospice companies in the US. Currently owned by a consortium of Humana, TPG Capital and Welsh, Carson,…
AlixaRx, which is owned by private equity firm Fillmore Capital Partners, on May 11 agreed to pay $2.75 million to settle allegations that it improperly dispensed controlled substances to residents at long-term care facilities.[i] AlixaRx is a pharmacy…
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…
Private equity KKR’s investment in the controversial Coastal Gaslink Pipeline was featured in an online forum organized by the University of Washington’s Harry Bridges Center for Labor Studies May 19. Trustees and representatives of dozens of institutional investors with…
Last week Rhode Island Attorney General Peter Neronha approved the sale of Prospect Medical Holdings, a safety net hospital chain majority-owned by private equity firm Leonard Green & Partners, after a year-long investigation into the company’s finances. As a condition…
“The Healthcare Divide,” a new documentary by FRONTLINE and NPR, shines a light on the disparities faced by patients in safety net hospitals, highlighting hospital chain Prospect Medical Holdings and its private equity owner Leonard Green & Partners.
NPR shared the story of Katrina Chism, a single mother in Atlanta whose landlord is Front Yard Residential, owned by private equity firms Pretium Partners and Ares Management. According to Chism, her landlord refused to accept federal rental assistance money…
