Medical Properties Trust spent billions buying community hospitals in bewildering deals that made private equity rich and working-class towns reel.
Private Equity
Posted inHealth and Social Policy
So Long but Not Farewell to Envision
The private equity–owned ER doctor practice, now headed to bankruptcy, was one of the defining companies of 21st-century American medicine.
Posted inMoney, Politics, and Power
How a Firm Profiting From Deposit Insurance Caps Is Lobbying to Keep Them
IntraFi, a private equity–owned company that offers the wealthy a work-around to the $250,000 limit on FDIC insurance, sees an existential threat in universal deposit guarantees.
Posted inEconomic Policy
The Beltway’s Favorite Bogus Budget Model
The Penn Wharton Budget Model, bankrolled by finance moguls, is out to grow its power in Washington.
Posted inEducation in America
University of California Under Fire for Blackstone Investment
The university has invested $4.5 billion with the real estate arm of the private equity giant.
Posted inEconomic Policy
Private Equity’s Newest Play
Insurance companies are the latest morsel for these financial predators to devour.
Posted inEnergy and the Environment
Wall Street’s Big Bet on Rewiring America
Ithaca has put its Green New Deal in the hands of a green private equity fund, a private foundation, and a Goldman Sachs–backed software company.
Posted inTAP
Bankman and the Bastardization of Bankruptcy
Today on TAP: He gets to cheat his customers, write off debts, and then keep control of his company? (Yup, that’s how bankruptcy often works for big dogs.)
Posted inMoney, Politics, and Power
Griftrix
The implosion of a $16.5 billion Citrix Systems debt deal reveals how private equity firms always manage to wriggle out of trouble.
Posted inHealth and Social Policy
Another Private Equity–Style Hospital Raid Kills a Busy Urban Hospital
A nonprofit that endlessly boasts about its ‘inclusive culture’ decides it’s had enough of the ATL.
