Explore the issues
Find more information on the issues deeply affected by private equity investments:
Retail Workers Oppose Sycamore Partners’ Bid for J.C. Penney, Ask Bankruptcy Court to Prioritize Jobs
Department store chain J.C. Penney filed for bankruptcy in May with 846 stores and 85,000 employees at the time of the filing. Earlier this week, current and former employees of multiple private equity-owned retailers sent a…
Huge Private-Equity-Owned Aspen Dental Secured Millions in PPP Loans Meant for Small Businesses
Data released by the US Small Business Administration on its Paycheck Protection Program (PPP) reveals that large private equity-owned dental services company Aspen Dental Management received PPP loans. The PPP program was created to provide relief to small…
Huge Private-Equity-Owned Aspen Dental Secured Millions in PPP Loans Meant for Small Businesses
Data released by the US Small Business Administration on its Paycheck Protection Program (PPP) reveals that large private equity-owned dental services company Aspen Dental Management received PPP loans. The PPP program was created to provide relief to small…
After Paying $658 Million in Dividends and Fees to Investors, Prospect Medical Holdings Received $283 Million in Federal COVID-19 Aid
Private equity firm Leonard Green & Partners and other owners have collected $658 million in fees and dividends from safety net hospital chain Prospect Medical Holdings in the last several years. Prospect owns 17 hospitals in 5 states: California,…
Broken Promises: Regulators Question Leonard Green’s Investment in Prospect Medical Holdings
Leonard Green & Partners owns Prospect Medical Holdings, a safety net hospital chain that operates seventeen hospitals in five states. Over the course of their ownership, Leonard Green and other owners have collected at least $658 million in fees…
Members of Congress slam Leonard Green & Partners’ response on safety net hospital company Prospect Medical Holdings, calling its actions “unacceptable and dishonest”
Earlier this week, lawmakers from California, Pennsylvania, Connecticut, Texas and Rhode Island sent a letter to private equity firm Leonard Green & Partners regarding its investment in safety net hospital company Prospect Medical Holdings, which owns hospitals in…
Jails and Prisons Served by H.I.G. Capital-owned Wellpath face COVID-19 outbreaks, deaths, concerns regarding staffing levels
H.I.G. Capital’s prison and detention health care provider Wellpath and its predecessors Correct Care Solutions and Correctional Medical Group companies have faced concerns for years about whether the company provides sufficient and adequately trained healthcare staff at facilities…
As COVID-19 Surges in Florida and Arizona, Starwood Capital Eviction Cases Loom for Residents
Multiple cases appear to violate federal CARES Act eviction moratorium While the COVID-19 pandemic has kept people at home, private equity firm Starwood Capital, one of the largest apartment owners in the United States, has filed dozens of complaints…
Leonard Green & Partners comes under fire by Members of Congress for raiding safety net hospital chain Prospect Medical Holdings
Members of Congress have sent a letter to Leonard Green & Partners asking the firm return the $658 million in fees and dividends it and other owners collected from safety net hospital chain Prospect Medical Holdings. A copy…
Letters to State AGs – Leonard Green Should Give Back the Dividends and Fees it Collected from Safety Net Hospital Company Prospect Medical Holdings
Last week, Private Equity Stakeholder Project sent letters to states’ Attorneys General and other regulators in states where Prospect Medical Holdings owns hospitals. Prospect Medical Holdings is a safety net hospital company owned by private equity firm Leonard…
UPDATE: Leonard Green-led ownership collected $658 million from safety-net hospital company despite challenges, commitment to regulators to forgo dividends
Private equity firm Leonard Green & Partners owns safety net hospital chain Prospect Medical Holdings. The Leonard Green-led ownership group has drawn $658 million dollars in fees and dividends from Prospect Medical Holdings even as the hospitals suffered…
