According to a new report from an advocacy group that monitors the health-care sector, private equity-owned businesses were responsible for a significant number of bankruptcies in the industry last year. The report revealed that PE-backed firms accounted for at least 17 out of the 80 bankruptcies of health-care companies in 2023, making up about a fifth of the total. Venture capital-backed companies were behind another 12, or 15%, of the filings, focusing on companies with liabilities exceeding $10 million.
The report identified 2023 as a “record year” for large health-care bankruptcies. The findings suggest that private equity and venture capital ownership may be contributing to the financial difficulties experienced by health-care companies. As stakeholders continue to monitor the impact of these ownership structures on stability and resilience in the health-care sector, it is important to raise important questions about their role in the industry and potential implications for companies, employees, and patients.
In the midst of growing global inequality and human rights violations, technology continues to play…
Despite the improving economic outlook, consumers in Finland are still not spending money as much,…
On Monday afternoon, four-star recruit Malachi Moreno announced on X (formerly Twitter) that he has…
The Oglesby Tigers football team recently received the Gordon Wood award from the Texas Sports…
Drew Sanders, a talented linebacker for the Broncos, will be out for most of the…
The documentary film "The Science of African Women," produced by the Women for Africa Foundation…