Mastodawn

Dan Gillmor Jul 29, 2023

"Private equity" financial manipulators have looted so many industries, creating so much uncountable riches for them and disasters for communities that it's hard to keep track.

These people are capitalism's wrecking crew -- and capitalism itself is one of the casualties.

A current casualty: emergency rooms.

https://prospect.org/health/2023-07-29-shock-treatment-emergency-room/

Shock Treatment in the Emergency Room

The Lehman-like collapse of a(nother) private equity–owned ER operator has physicians calling louder than ever for a strike.

The American Prospect

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@dangillmor
Thanks for sharing this. This is where the UK aproach to putting a company under "administration" instead just hands-off at bankruptcy time makes a lot more sense than what I remember seeing in America when I lived there, it's very sad that any critical organization like this has ceased to function so abruptly.