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The story of Ralph de la Torre is a particularly sordid example of an oligarch pillaging billions from the healthcare system.
Now in its defense, Albertsons needs to gouge customers because 16 years of private equity ownership have left the company with $7.2 billion in long-term debt, $5.5 billion in operating lease ...
Private equity firm Cerberus Capital Management, which owns a stake in grocer Albertsons, and billionaire investor Dean Metropoulos teamed up in an unsuccessful bid for cereal maker WK Kellogg, ...
Internal investigators said a number of transactions, including money taken by private equity owners and distributions to ...
Until 2020, Steward was owned by Cerberus Capital, a private-equity firm led by Steve Feinberg. In 2010, Cerberus bought a nonprofit chain known as Caritas Christi Health Care for around $250 million.
Analysts estimate that Albertsons Companies will report an earnings per share (EPS) of $0.52. Investors in Albertsons ...
That deal was orchestrated by Cerberus, the private equity firm that formed Steward in 2010.Cerberus made its original investment — in Carney and five other Boston nonprofits — amid widespread ...
All 11 members of the Massachusetts delegation to D.C. signed onto a letter Thursday to Cerberus Capital Management, the private equity firm that owned Steward Health Care’s hospitals from 2010 ...
In April 2020, Cerberus conducted an analysis which found that the hospital chain would need $750 million over the next seven years to execute its business strategy. Steward had recorded a net ...
Private equity firms to acquire health care billing and payments firm R1 in $8.9 billion deal. These companies have followed a similar asset-stripping playbook for nursing homes.