Private Equity Needs to Stay Away From Medical Practices

Private equity ruins just about everything it touches.

We have a wrongful death medical malpractice case involving Wellpath, which is a private contractor that provides medical services to prisons and jails.

It is backed by private equity. And it just filed bankruptcy.

Private-equity-backed companies are twice as likely to go bankrupt.

When private equity buys medical practices, studies have shown that patient care and safety suffer.

Private equity only cares about one thing: short-term profit.

It’s bad enough when the consequences of private equity pillaging a business results in people losing their jobs. It’s another thing when it causes people to lose their lives or sustain serious injuries because of private equity’s short-term focus on profits. And then when the company files bankruptcy, they leave the injured people and their family members with little to no recourse.

What are your thoughts on private-equity-backed medical companies? Join the conversation with me on LinkedIn.