In 1980, there were 24 private equity firms, according to Prequin, which tracks alternative assets; by 2022, there were around 5,000 private equity firms controlling some 18,000 companies.
Among the industries where private equity sank deep roots was health care.
Thin margins have forced many nursing homes to shrink their nursing staff, leaving them ill prepared when the pandemic hit.
One New Jersey analysis found that facilities owned by private equity had a higher rate of Covid-19 deaths and cases than nursing homes not owned by private equity.
Fewer than 20 percent of all nursing homes meet a recently proposed minimum staffing level, according to a Kaiser Family Foundation estimate.
equity’s, Sabrina T, Howell, Mark Parkinson, Ms, ”
Healthcare Private Equity Association, New York University, Genesis Healthcare, Formation Capital, Kaiser Family, American Health Care Association
Jersey, New Hampshire