Explore the issues
Find more information on the issues deeply affected by private equity investments:
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 Green &…
As Climate Change Requires Cuts to Coal, Private Equity Buys More
Coal has become less competitive as a power source and has been a prime target in efforts to halt climate change. The plunge in demand for electricity due to the global coronavirus pandemic is expected to hasten coal’s decline as…
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 operating…
Private Equity’s Highly-Leveraged Bet on Retail Puts a Million Jobs at Risk During the COVID-19 Crisis
Over the last decade at least 600,000 people working at private equity-owned retailers have lost their jobs due to bankruptcies and store closures. Just since last summer, private equity-owned retailers such as Fairway, Art Van Furniture, and…
Wall Street Journal focuses on Cerberus Capital, Leonard Green-owned hospitals’ actions during COVID-19 pandemic
In late April, the Wall Street Journal published a story looking at the actions of private equity-owned hospitals during the COVID-19 pandemic (“As Coronavirus Cases Climbed, Private-Equity-Owned Hospital Demanded Bailout”). Private equity money has flooded into the health…
Private Equity’s Exposure to Fossil Fuels
As the oil industry shudders through cratering demand and rock-bottom prices, analysts are expecting a wave of bankruptcies,[1] a particular vulnerability for companies carrying a heavy debt load. Private equity firms poured $65 billion into oil investments in…
