Jump ahead:
2024
Reports
- Private Equity’s Footprint in Philadelphia Healthcare – October 2024
- Private Equity’s Revenue Cycle – Creating & Collecting U.S. Medical Debt – September 2024
- The Pillaging of Steward Health Care – June 2024
- Private Equity Healthcare Bankruptcies are on the Rise – April 2024
- Private Equity in U.S. Healthcare – Trends in 2023 Deal Activity – March 2024
- How Private Equity Gets its Cut from Medicare Advantage – February 2024
- Hospital Tracker Update – January 2024
- Apollo’s Stranglehold on Hospitals Harms Patients and Workers – January 2024
News & Blog
December
November
- Private Equity Health Care Acquisitions – October 2024
- PE-owned primary care chain for poor Floridians goes bankrupt
- Private Equity in Healthcare – PESP’s October 2024 Roundup
- Drug test billing fraud at private equity-owned labs
October
- Two Steward hospitals acquired by private equity-owned system
- Private Equity Health Care Acquisitions – September 2024
- PESP and NDRN’s report on private equity’s impacts on wheelchair users cited in Senators’ letter
- Apollo-owned ScionHealth quietly sells and leases-back 5 hospitals from REIT
- Private Equity in Healthcare – PESP’s September 2024 Roundup
- Joint Economic Committee report highlights how private equity threatens healthcare, economy
September
- FTC, DOJ launch inquiry into serial acquisitions, PESP responds
- Private Equity Healthcare Acquisitions – August 2024
- Debt-funded dividend paid to Help at Home owners one year after state closure
- Senate HELP Committee holds hearing on Steward’s bankruptcy
- PESP testimony to Senate HELP Committee regarding Steward Health Care Bankruptcy
- Private equity behind 65% of billion dollar bankruptcies in 2024
- Private Equity in Healthcare – PESP’s August 2024 Roundup
August
- State legislatures respond to private equity’s pillaging of hospitals with mixed results
- Rural private equity-owned home health and hospice provider settles billing fraud allegations
- Private Equity Healthcare Acquisitions – July 2024
- Warren, Blumenthal cite PESP in letter on veterinary care acquisition
- S. healthcare industry should be wary of private equity’s acquisition of Steward Health Care physician network
- PESP and CEPR highlight need for regulatory changes to protect consumers from private equity-owned debt collectors
- Nearly a quarter of 2024 healthcare bankruptcies tied to private equity ownership
- Private equity-owned SUD clinics settle false claims allegations
- PE-owned home health & hospice giant pays to settle federal billing fraud allegations
- Private Equity in Healthcare – PESP’s July 2024 Roundup
- Private equity healthcare bankruptcies show no signs of slowing
July
- Private equity’s drug war profiteering – July 2024
- PESP endorses Health Over Wealth Act to ensure accountability in healthcare
- Debunking the private equity industry’s messaging about its healthcare investments
- Private Equity Health Care Acquisitions – June 2024
- Private Equity in Healthcare – PESP’s June 2024 Roundup
- 11 attorneys general support strengthening oversight over PE in healthcare
June
- Private Equity Health Care Acquisitions – May 2024
- In the wake of the Steward Health bankruptcy, Senator Warren introduces bill to penalize hospital looting, claw back unjust enrichment
- Coalition calls on federal agencies to fight private equity’s healthcare abuses
- Private Equity in Healthcare – PESP’s May 2024 Roundup
May
- Private equity’s hospitals in low- and middle-income countries
- Private Equity Healthcare Acquisitions – April 2024
- Private equity-owned hospice company agrees to pay $4.2 million settlement
- Private Equity in Healthcare – PESP’s April 2024 Roundup
April
- Private Equity Healthcare Acquisitions – March 2024
- New Private Equity Risk Index reveals industry threats to American jobs, housing, health care, and pensions
- PESP director testifies at Senate HELP committee hearing
- Private Equity in Healthcare – PESP’s March 2024 Roundup
March
- High stakes in Corizon/YesCare bankruptcy decision
- Private Equity Health Care Acquisitions – February 2024
- Private Equity in Healthcare – PESP’s February 2024 Roundup
February
- California legislation aims to safeguard against private equity in healthcare
- Private equity firms overwhelm federal dispute process
- Private Equity Health Care Acquisitions – January 2024
- Antitrust enforcement and consolidation in veterinary medicine
- Private equity in healthcare – PESP’s January 2024 roundup
January
- Private Equity Health Care Acquisitions – December 2023
- Private Equity in Healthcare – PESP’s December 2023 Roundup
2023
Reports
- Private Equity in Durable Medical Equipment – November 2023
- YesCare Dodges Liability for Prison Conditions: Merger, Division, and Bankruptcy – October 2023
- How private equity raided safety net hospitals: Pipeline Health – July 2023
- Recent Trends in Private Equity Healthcare Acquisitions – February 2023
- Private Equity Descends on Rural Healthcare – January 2023
- Hospital Tracker release
News & Blog
December
- Private Equity Healthcare Acquisitions – November 2023
- Private Equity: The Metastasizing Disease Threatening Health Care
- Senate Budget Committee launches investigation of PE hospital ownership
- Blackstone faces fraud settlement as DOJ alleges “culture of kickbacks”
- Private equity’s growing presence in senior living
- Private Equity in Healthcare – PESP’s November 2023 Roundup
November
- Private Equity Health Care Acquisitions – October 2023
- Biden administration announces transparency rule for private equity-owned nursing homes
- Prospect safety net hospitals continue to struggle under the legacy of Leonard Green’s past ownership
- Private equity in healthcare – PESP’s October 2023 roundup
October
- Private Equity Healthcare Acquisitions – September 2023
- Texas bankruptcy court approves Envision Healthcare’s split into two companies with new owners
- Privatized prison healthcare seeks profit at patients’ expense
- FTC lawsuit targets PE’s harmful healthcare roll-ups
- Private equity firms extract another $100 million in dividends from CHG Healthcare Services
September
- Private Equity Healthcare Acquisitions – August 2023
- PE-owned home health company terminates operations in Alabama
- August
- Big step forward for Illinois healthcare oversight
- Can PE-owned Aveanna Healthcare dig itself out from under a pile of debt?
- Private equity healthcare acquisitions – July 2023
July
- Private Equity Healthcare Acquisitions – June 2023
- PE’s failed autism failed bets harm workers and consumers
- PESP supports CMS home health Medicaid spending rule
- Private equity’s growth in the hospice industry
June
- PESP’s Eileen O’Grady shares stage with HHS Secretary Alex Azar
- Private Equity Health Care Acquisitions – May 2023
- It should come as no surprise that KKR-owned Envision Healthcare has finally declared bankruptcy
May
- Private Equity Health Care Acquisitions – April 2023
- Private equity investors in healthcare finally face the music
- Private Equity Health Care Acquisitions – March 2023
April
- Ovation Healthcare finds profit in nonprofit rural health providers
- PESP launches Private Equity Hospital Tracker data project
- PESP, Public Citizen support disclosure of private equity ownership of nursing homes
- PESP researcher Michael Fenne presents at NDRN panel
- Private equity healthcare acquisitions – February 2023
- PESP endorses Jayapal’s Healthcare Ownership Transparency Act
- Private equity and venture capital eye new opportunities for profit
March
- PESP healthcare director presents at national AHCJ conference
- Nursing homes: States can set conditions on sales to private equity
- Private Equity Healthcare Acquisitions – January 2023
February
- Recent KHN article highlights another profit-seeking tactic in emergency rooms used by private equity-backed companies
- New data reveals extent of PE ownership of rural hospitals
- Another asset manager takes over shuttered Nix Behavioral Health facility
- Two PE-owned behavioral health companies initiate closures, layoffs in Florida and Ohio
January
- Sterigenics to Pay $408 Million for Claims of Cancer-Causing Emissions
- PE-owned Wellpath continues to prioritize profit over care
- No Surprises Here: PE takes center stage in the No Surprises IDR process
- PESP supports striking NYC nurses
- Private Equity Health Care Acquisitions – December 2022
- KKR’s investors should be asking questions around Envision Healthcare bankruptcy risk
- Almost 90% of Most Distressed Healthcare Companies are Owned by PE Firms
2022
Reports
- Envision Healthcare – A Private Equity Case Study – December 2022
- How Private Equity Raided Safety Net Hospitals and Left Communities Holding the Bag – November 2022
- Private Equity Firms Rebrand Prison Healthcare Companies, But Care Issues Continue – November 2022
- Profiting in Crisis: Private Equity’s Investments in Travel Nursing Amidst a Critical Nursing Shortage and a Pandemic – October 2022
- Private Equity’s Growing Foothold in Largely Unregulated Urgent Care Raises Red Flags – August 2022
- Private Equity at Home: Wall Street’s Incursion into the Home Healthcare and Hospice Industries – March 2022
- The Kids Are Not Alright: How Private Equity Profits Off of Behavioral Health Services for Vulnerable and At-Risk Youth – February 2022
News & Blog
December
November
- Private Equity Healthcare Acquisitions – October 2022
- Prospect Medical Closures and Layoffs are Legacy of Private Equity Ownership
October
- PESP Healthcare Director speaks on private equity in healthcare in Medical for All Caucus panel
- Private Equity Health Care Acquisitions – September 2022
- PESP co-sponsored event: “How Private Equity Makes Us Sicker”
- New research finds that private equity-acquired physician practices are associated with increased health spending and utilization
September
August
- KHN: When Private Equity Comes for Rural Hospitals
- Private Equity-Owned Rural Hospital Shutters After Collecting Millions of Dollars in Federal Aid
- Private Equity Health Care Acquisitions – July 2022
July
- KHN Series: PATIENTS FOR PROFIT: HOW PRIVATE EQUITY HIJACKED HEALTH CARE: Misinformation Clouds America’s Most Popular Emergency Contraception
- Private Equity Healthcare Acquisitions – June 2022
- Steward Health Care Reaches $4.7 Million Settlement to Resolve Allegations of False Claims Act Violations
- PESP Participates in Oregon’s Health Care Market Oversight Program
June
- Private Equity Health Care Acquisitions – May 2022
- Senators Investigating KKR’s Role in the Abuse and Neglect of People with Disabilities
- PESP Participates in National Juvenile Justice Network Workshop on Youth Behavioral Health Services
May
- Leonard Green & Partners’ Long History of Siphoning Millions from Hospitals Continues in Pennsylvania
- Private Equity Health Care Acquisitions – April 2022
April
March
- Large Private Equity Firms Continue to Expand their Footprints in Healthcare During the COVID-19 Pandemic
- PE-Owned Aspen Dental Faces Yet Another Investigation for Deceptive Practices
- Private Equity Health Care Acquisitions – February 2022
- Prospect Medical Holdings Continues to Sell Off Its Hospitals, Leaving Patient Care in Question
- Jayapal Introduces the Healthcare Ownership Transparency Act to Protect Seniors in Nursing Homes from Private Equity
- Private Equity Health Care Acquisitions – January 2022
February
- Failures at PE-Owned Programs for Low-Income Seniors Raise Red Flags
- PESP Presents at the National Consumer Voice for Quality Long-Term Care Annual Conference: How Private Equity Firms and Other Nursing Home Owners Harm Residents
January
- Apollo Global Management Completes Merger of Kindred Healthcare and LifePoint Health, Shifts Some Hospitals to New Company
- Private Equity Health Care Acquisitions – December 2021
- Private Equity Firms Reaped Billions of Dollars in Debt-Funded Dividends from Healthcare Companies in 2021
2021
Reports
- Private Equity Firms Reap Payouts After Hospital Chain Received $1.6 Billion in Cares Act Support – September 2021
- Pulling Back the Veil on Private Equity-Ownership of Nursing Homes – July 2021
- Deceptive Marketing, Medicaid Fraud, and Unnecessary Root Canals on Babies: Private Equity Drills into the Dental Care Industry –July 201
- Money for Nothing: How Private Equity Has Defrauded Government Health Programs – February 2021
News & Blog
December
November
- Private Equity Health Care Acquisitions – October 2021
- Bloomberg: HIG Settles Fraud Case for $20 Million in Wall Street Crackdown
- Nurse Testifies to US Senate about Private Equity’s Impact on Safety Net Hospital Company Prospect Medical Holdings
October
- PESP Submits Testimony to U.S. Senate Banking Economic Policy Subcommittee hearing on “Protecting Companies and Communities from Private Equity Abuse”
- I.G. Capital Agrees to Pay $20 Million Settlement in Federal Medicaid Fraud Case
- Private Equity Health Care Acquisitions – September 2021
September
August
- How Private Equity Profits from Aggressive Medical Debt Collection
- Private Equity Health Care Acquisitions – July 2021
July
- Private Equity Health Care Acquisitions – June 2021
- I.G. Capital’s Companies Mired in Regulatory and Headline Risk
June
- US Government Joins Fraud Case Against PE-Owned Hospice Giant Curo Health Services
- Pharmacy Company AlixaRx, Owned by Private Equity, Illegally Dispensed Opioids to Seniors at PE Firm’s Nursing Homes, According to US Department of Justice
- Private Equity Health Care Acquisitions – May 2021
- Rhode Island AG Slams Leonard Green & Partners for Raiding Hospitals and Requires Firm to Give Some Money Back
- New Documentary by PBS FRONTLINE and NPR: Leonard Green & Partners’ Looting of Safety Net Hospital Chain Prospect Medical Holdings
May
- After Millions in Settlements, H.I.G. Capital Faces Multiple Health Care Fraud Suits
- Private Equity Health Care Acquisitions – April 2021
- Leonard Green-Owned Prospect Medical Threatens to Close Safety Net Hospitals After Attorney General Asks Owners to Return a Portion of Dividends
April
- Private Equity Health Care Acquisitions – March 2021
- Private Equity-Owned Prospect Medical Holdings is in Precarious Financial Situation, According to Independent Financial Review
- House Ways and Means Committee Hosts Investigative Hearing on “Private Equity’s Expanded Role in the U.S. Health Care System”
March
- Private Equity Has Already Reaped Hundreds of Millions of Dollars of Debt-Funded Dividends from Health Care Companies in 2021
- Blackstone a Repeat Offender in Health Care Fraud Settlements
- Private Equity Health Care Acquisitions – February 2021
- New Study Finds that Private Equity Ownership of Nursing Homes Substantially Increased Mortality, Decreased Patient Well-Being
February
- Investors Seek Accountability for Leonard Green & Partners’ Looting of Safety Net Hospitals
- Private Equity Health Care Acquisitions – January 2021
- Blackstone Collects Debt-Funded Dividend from Apria Healthcare Within Weeks of Billing Fraud Settlement
January
- I.G. Capital’s Mental Health Company Files for Bankruptcy Amid Fraud Litigation
- Private Equity Health Care Acquisitions – December 2020
2020
Reports
- Dividend Recapitalizations in Health Care: How Private Equity Raids Critical Health Care Infrastructure for Short Term Profit – October 2020
- Understaffed, Unlicensed, and Untrained: Behavioral Health Under Private Equity – September 2020
- Raiding the Safety Net: Leonard Green & Partners Seeks to Walk Away from Prospect Medical Holdings after Collecting $570 Million in Fees and Dividends – February 2020
News & Blog
December
- Leonard Green & Partners’ Plan to Sell Old Investments to Itself Raises Questions
- Private Equity Health Care Acquisitions – November 2020
November
- Leonard Green & Partners Faces Increasing Scrutiny from Regulators and Investors on Prospect Medical Holdings
- Private Equity Health Care Acquisitions – October 2020
October
- Even During the Pandemic, Some Private Equity Firms Are Still Collecting Debt-Funded Dividends from Health Care Companies
- Workers, Community Leaders Speak Out about Leonard Green & Partners’ Prospect Medical Holdings
August
- Rhode Island Treasurer letter to Leonard Green & Partners regarding safety net hospital company Prospect Medical Holdings
- Huge Private-Equity-Owned Aspen Dental Secured Millions in PPP Loans Meant for Small Businesses
- After Paying $658 Million in Dividends and Fees to Investors, Prospect Medical Holdings Received $283 Million in Federal COVID-19 Aid
July
- Broken Promises: Regulators Question Leonard Green’s Investment in Prospect Medical Holdings
- Members of Congress slam Leonard Green & Partners’ response on safety net hospital company Prospect Medical Holdings, calling its actions “unacceptable and dishonest”
- Jails and Prisons Served by H.I.G. Capital-owned Wellpath face COVID-19 outbreaks, deaths, concerns regarding staffing levels
June
- Leonard Green & Partners comes under fire by Members of Congress for raiding safety net hospital chain Prospect Medical Holdings
- Letters to State AGs – Leonard Green Should Give Back the Dividends and Fees it Collected from Safety Net Hospital Company Prospect Medical Holdings
- UPDATE: Leonard Green-led ownership collected $658 million from safety-net hospital company despite challenges, commitment to regulators to forgo dividends
- Wall Street Journal focuses on Cerberus Capital, Leonard Green-owned hospitals’ actions during COVID-19 pandemic
April
- Private Equity-Backed Nursing Homes Fail COVID-19 Test
- Leonard Green & Partners reaps repeated payouts from health care companies
- Private equity-owned health care providers could exacerbate COVID-19 outbreaks concerns at jails, prisons, and detention centers
March
- Private Equity’s Responsibilities During the COVID-19 Pandemic
- In taking $570 million in fees and dividends from Prospect Medical Holdings, Leonard Green leaves health system less equipped to respond to COVID-19 pandemic
2019
Reports
- Adverse Reaction: How will the flood of private equity money into health care providers impact access to, cost and quality of care? – November 2019
