Fierce Healthcare April 17, 2024
More than a fifth of the healthcare companies that filed for bankruptcy last year were owned by private equity firms, which also have a hand in many healthcare companies teetering on the brink in 2024, according to a report published yesterday by the Private Equity Stakeholder Project (PESP).
The nonprofit — which investigates the impacts of private equity ownership and involvement across multiple industries — said it spotted “at least” 17 such bankruptcies in 2023, as opposed to eight in 2019 and even fewer during 2020, 2021 and 2022.
The group’s report also names and shames specific “repeat offender” firms. These included KKR, whose physician staffing agency Envision Healthcare and oncology provider GenesisCare filed for bankruptcy last year; and H.I.G....
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