U.S. senators from Massachusetts expressed concern over a private equity firm's $245 million deal to buy Steward Health Care's physicians network—and role of private equity in healthcare more broadly.
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.
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.