532. Do You Know Who Owns Your Vet?
Update: 2023-01-26
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When small businesses get bought by big investors, the name may stay the same — but customers and employees can feel the difference. (Part 2 of 2.)
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One aspect of this story that was missed is the attempts to unionize after the private equity takeover of hospitals. There is absolutely a reason the staff of hospitals taken over by private equity have attempted to regain some power by unionizing.Take a look at what has happened in the Pacific Northwest, specifically in Seattle and Portland. Hospitals have actually been ruined and even destroyed by private equity acquisition due to the poor treatment of staff by new management.
there is not a single industry that private equity firms are not determined to use to squeeze as many pennies out of the other 99% as possible.