Private Equity's Growing Impact on Healthcare, Housing, and Jobs Raises Concerns Across U.S.
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Private equity firms have invested over $1 trillion in taking over health care companies across the U.S. in the past decade, raising concerns about how the push to profit affects patient care.
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Research shows private equity ownership of nursing homes, hospitals, and physician practices can negatively impact patients, including higher death rates and more infections.
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Private equity firms have also moved heavily into housing, with estimates that they could own 40% of single-family homes by 2030, driving up rents and housing costs.
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Massachusetts ranks high in jobs impacted by private equity, with 9% of the private sector workforce employed by private equity-owned companies.
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A new "Private Equity State Risk Index" details private equity involvement and risks across health care, housing, jobs, and pensions in all 50 states to empower communities.