You mean groups that put profit over anything else, put profit over everything else! Fucking colour me shocked.
this post was submitted on 31 Jul 2024
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Anyone who works in healthcare can tell you this. In fact, private equity almost always makes things worse. In principal, the idea of buying up struggling businesses and getting them on their feet to sell them back for a profit is a pretty cool, normal idea. One could imagine how it's a sort of second chance for mismanaged businesses or businesses that ran into a streak of bad luck. In practice, it's just a subscription to vulture capital.
Way to go corporate news - holding the powerful responsible! Somehow. By eventually reporting common knowledge.
Mild shock!
(Probably one of my instance's most useful custom emojis lol)
My friends were talking about this the other night (one is an investment banker and the other is in healthcare consulting). I just bit my tongue for most of the conversation because the thought is horrifying. Neither of them mentioned what effects it would have on patient care but they were in agreement that it is a losing idea because most practices cannot see many efficiency gains to make it a worthwhile investment. So the strategy will fail but not before fucking up many people's lives in the process.
If only healthcare was some kind of right.
You have been permanently banned from c/Conservative.
It turns out that ever increasing ROI is in direct conflict with "do no harm."
That feeling when you invite the cancer in.
I can't think of any industry where private equity buyouts do anything other than run the business into the ground in search of short term profits, so this isn't surprising.
As someone who was bought out by PE I am shocked, shocked I tell you. The constant budget cuts are such a productivity win!
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