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The Nation on MSNRalph de la Torre: The Making of a Healthcare OligarchThe story of Ralph de la Torre is a particularly sordid example of an oligarch pillaging billions from the healthcare system.
Earlier this week, four state attorneys general filed two separate lawsuits seeking to stop a clique of private equity firms from swiping $4 billion from the massive supermarket chain they own. It ...
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, ...
From La Trobe Financial to Pepper, there’s plenty of interest in the sector. But unrealistic expectations are getting in the ...
After private-equity firms acquire hospitals, the facilities’ assets and resources diminish, leaving them less able to care for patients, says a new study in the Journal of the American Medical ...
Internal investigators said a number of transactions, including money taken by private equity owners and distributions to ...
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Senate report: How private equity ‘gutted’ dozens of U.S ... - MSNThat 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 ...
Steward Health Care was once the largest private hospital system in the country. When the private equity-backed network filed for bankruptcy last year, it devastated providers and patients. In ...
Like vampires, private equity firms are sucking the resources out of America's hospitals and nursing homes, and feeding on doctors to generate profits.
The country's largest private, for-profit hospital chains paid out most of a $790 million dividend to the $60 billion private equity firm.
Senate report: How private equity ‘gutted’ dozens of U.S. hospitals Thanks to modern tricks of financial engineering, investors can prosper even when the underlying business is failing.
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