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Can we let them, and then the govt buys the PE for $1 and nationalizes?
I'm kinda tired of the profit motive middle people adding cost and calling it value (e.g., insurance no-ers)
Fuck private equity firms in general. They just ruin businesses by squeezing every penny out of them, saddling what remains with huge debt, the sells off the husk that remains.
My brother owns a franchise that started out great, but then the founder retired & sold. Two owners later and now a private equity firm owns it and is trying to squeeze all the franchisees with unrealistic demands. My brother is already working on his exit strategy while trying to avoid declaring bankruptcy.
How can a health care provider go broke? That suggests that they don't make enough money to stay solvent and I find that very hard to believe particularly when they are still attractive to a private equity firm? There's no way such a firm is going to buy any business unless they think they can make substantial money off of it. This really needs to be thoroughly investigated. Also, Private Equity firms all need to be eliminated. Their sole reason to exist is to allow rich mother fuckers to suck more money from the poorer classes.
Common Dreams - News Source Context (Click to view Full Report)
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https://www.commondreams.org/news/steward-health-care-system