Irontuna: Can’t wait to see what PE does with health care, like emergency rooms and hospitals! The future’s so bright!

"Golden Gate crippled Red Lobster by selling off one of its most valuable assets, the real estate it owned, in what’s known as a sale-leaseback, for $1.5 billion. With that sale, Golden Gate nearly made back its $2.1 billion purchase of Red Lobster, while turning the chain into a permanent leaser"

The Raiding of Red Lobsterprospect.org The bankrupt casual restaurant chain didn’t fail because of Endless Shrimp. Its problems date back to monopolist seafood conglomerates and a private equity play.

Can’t wait to see what PE does with health care, like emergency rooms and hospitals! The future’s so bright!

Already not good.

hms.harvard.edu

It’s bitterly funny that Harvard Business School would use that same article as a case study for its students without changing a word.

And even the ones not owned by PE and technically nonprofit get lured into borrowing via debt and/or bonds and fall into the same debt service nightmare

Absolutely disgusting when hospitals or health insurance companies are for profit. Profiting off someone’s health/healthcare, or lack there of, should be criminal

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