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#privateequity

2 posts2 participants1 post today
Maggie Maybe

Sorry about all the JAMA this morning but there’s a lot. And this one is particularly upsetting because the US still uses psychiatry as a weapon against women, and I suppose the only difference between a private prison and a private psychiatric hospital would be the mandatory medication. And that’s pretty terrifying.

Question  How has private equity (PE) investment among US psychiatric hospitals changed in recent years, and what is the cross-sectional association of PE with geography, staffing, and quality?
Finding  About 14% of US psychiatric hospitals were owned by PE in 2021, with two-thirds of these facilities located in the southern US. In adjusted models, PE ownership was associated with lower staffing ratios but higher performance on quality measures of restraint, 7- and 30-day follow-up visits, and 30-day all-cause readmission.
Meaning  These results demonstrate that PE ownership among US psychiatric hospitals is growing, underscoring the importance of US Centers for Medicare & Medicaid Services initiatives to monitor patient experience.
jamanetwork.com/journals/jamap

#PrivateEquity#psychiatry#JAMA
Maggie Maybe

We have to do something about #PrivateEquity NOW

“From 2013 to 2023, private equity firms acquired more than 1,000 disability and elder care providers, according to the report by the Private Equity Stakeholder Project. That’s likely an undercount because they’re generally not required to disclose acquisitions, the report said.”

tucsonsentinel.com/nationworld

TucsonSentinel.comPrivate equity snaps up disability services, challenging state regulatorsBy Anna Claire Vollers
#disability#NursingHomes#ElderCare
*
Klaus-Gerd Giesen

Shortly after the aquisition of #Komoot by Italian #PrivateEquity firm #BendingSpoons about 80% of its staff has already been fired.

When logging into the account the main page does not show anymore the latest activities of the followed people... It may be a good idea to download all traveled and plannend #tracks as #GPX files on the #computer - just to be on the safe side.

#BikeTooter #vélo #fahrrad #fahrradbubble #cycling #bike #cyclotourisme #biking #fahrradbubble

escapecollective.com/how-komoo

Escape Collective · How Komoot lost its wayMere days after the announcement of acquisition by an Italian tech firm, the route-planning platform laid off 80% of its staff, and former employees fear for its future.
Klaus-Gerd Giesen

#BendingSpoons is a #PrivateEquity firm. #Komoot #bike users should download their already ridden or planned #tracks as #GPX files as soon as possible before they have to pay a lot for them (or even to get a #map update). Better alternatives to Komoot: #Routing with #Brouter , #Cyclers , #VisuGPX or #Valhalla ; (free) navigation with #OrganicMaps or #CycleTravel . Everything else (photos, etc.) is anyway a #socialmedia feature.

#BikeTooter #fahrrad #vélo #cyclotourisme
road.cc/content/news/job-cuts-

road.cc · “Totally blindsided”: Cuts and job losses expected at Komoot after route planning app bought by Italian tech firm infamous for mass layoffsKomoot employees say they have been “blindsided” by Bending Spoons’ purchase, which comes after the brand introduced a new premium subscription for users to send routes to bike computers
The Media & Democracy Project

"Stripped for Parts: American Journalism on the Brink" is the story of a secretive hedge fund plundering America’s newspapers, and the journalists who are fighting back.

Join our free Zoom screening followed by a discussion with Director Rick Goldsmith: March 29 at 8 pm ET

tiny.cc/screening329

MobilizeSCREENING: "Stripped for Parts: American Journalism on the Brink" + Director Rick Goldsmith · The Media and Democracy ProjectWorried about the media diets of your fellow Americans, the loss of local journalism jobs - and the impact of this on our democracy? Join our Zoom screening of "Stripped for Parts: American Journalism on the Brink" followed by discussion with Director Rick Goldsmith. Stripped for Parts is the story of a secretive hedge fund that is plundering what is left of America’s newspapers, and the journalists who are fighting back. Hedge fund Alden Global Capital is quietly gobbling up newspapers across the country and gutting them, but no one knows why– until journalist Julie Reynolds begins to investigate. Her findings trigger rebellions across the country by journalists working at Alden-owned newspapers. Backed by the NewsGuild union, the newsmen and women go toe-to-toe with their “vulture capitalist” owners in a battle to save and rebuild local journalism in America. Who will control the future of America’s news ecosystem: Wall Street billionaires concerned only with profit, or those who see journalism as an essential public service, the lifeblood of our democracy? Trailer: https://vimeo.com/923029964 This film is NOT available on streaming platforms. This is a unique opportunity to watch via Zoom with Director Q&A - and be empowered with *ACTIONS YOU CAN TAKE* to fight for local journalism! Rick Goldsmith is a Peabody award winner and an Academy Award-nominee. More here: https://strippedforpartsfilm.com/the-filmmaker/
#Press#Journalism#PrivateEquity
The Media & Democracy Project

Join us for a free virtual screening of #Stripped For Parts followed by a Q&A with director Rick Goldsmith.

Then be empowered with actions you can take to fight for local journalism!

Saturday March 29, 8-10:30pm ET.

Register here:
mobilize.us/mediademocracyproj

MobilizeSCREENING: "Stripped for Parts: American Journalism on the Brink" + Director Rick Goldsmith · The Media and Democracy ProjectWorried about the media diets of your fellow Americans, the loss of local journalism jobs - and the impact of this on our democracy? Join our Zoom screening of "Stripped for Parts: American Journalism on the Brink" followed by discussion with Director Rick Goldsmith. Stripped for Parts is the story of a secretive hedge fund that is plundering what is left of America’s newspapers, and the journalists who are fighting back. Hedge fund Alden Global Capital is quietly gobbling up newspapers across the country and gutting them, but no one knows why– until journalist Julie Reynolds begins to investigate. Her findings trigger rebellions across the country by journalists working at Alden-owned newspapers. Backed by the NewsGuild union, the newsmen and women go toe-to-toe with their “vulture capitalist” owners in a battle to save and rebuild local journalism in America. Who will control the future of America’s news ecosystem: Wall Street billionaires concerned only with profit, or those who see journalism as an essential public service, the lifeblood of our democracy? Trailer: https://vimeo.com/923029964 This film is NOT available on streaming platforms. This is a unique opportunity to watch via Zoom with Director Q&A - and be empowered with *ACTIONS YOU CAN TAKE* to fight for local journalism! Rick Goldsmith is a Peabody award winner and an Academy Award-nominee. More here: https://strippedforpartsfilm.com/the-filmmaker/
#Press#Journalism#PrivateEquity
*
Nonilex

#ElonMusk’s #DOGE has sent 3 individuals w/experience in #PrivateEquity & #finance to the #SocialSecurity Admin, highlighting the focus that #Trump is putting on *rooting out waste & fraud in the nation’s social insurance programs* [dismantling & privatizing the system].

#benefits #government #kleptocracy #TrumpCoup #USpol #law
archive.is/2025.03.10-183556/h

Continued thread
Chuck Darwin

Private equity firms control around one-fifth of the U.S. economy and around 18,000 companies.

-- and their top executives are among the richest people in the world.

Stephen Schwarzman, the founder of Blackstone, the world’s biggest private equity firm,
is worth $50 billion.

Private equity barons use philanthropy and campaign donations to maintain influence across society.

🔥One of Wall Street’s goals under the new Trump administration is to preserve special tax rules that boost the wealth of private equity and hedge fund billionaires.

💥The most important
— and most egregious
— of these is the carried interest loophole.
#privateequity

truthout.org/articles/private-

Truthout · Private Equity Firms Tighten Stranglehold on US, Angling for Boons Under TrumpPrivate equity has fingers in our homes, hospitals and jobs. Resisting it is crucial to our fight for a just society.
Bibliolater 📚 📜 🖋

🔴 :youtube: 🇺🇸 🇬🇧 **How Private Equity Ate Britain [June 2024]**

_"High Street retailers like Morrisons, Byron Burgers, Wagamama and others have all been scooped up by US private equity firms in recent years. And the debt they owe, compounded by high interest rates may be endangering their financial resilience while putting employees at risk."_

#Video length: eight minutes and four seconds.

🔗 youtube.com/watch?v=hIyl5SI6OL

YouTubeHow Private Equity Ate BritainBy Bloomberg Originals
#Bloomberg#Finance#PrivateEquity
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