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Emergency rooms acquired by private equity linked to staffing cuts, salary cuts, and increased death rate (hms.harvard.edu)

submitted 10 months ago by cyu@sh.itjust.works to c/unions@sh.itjust.works

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[-] FunctionallyLiterate@lemmy.ca 30 points 10 months ago* (last edited 10 months ago)

Private Equity firms should be banned, or at least much more highly regulated. They're parasites that suck the life out of everything they buy to get the most money they can for selling it off in pieces. Any company they buy is almost guaranteed to atrophy into non-existence under their ownership. They're disgusting leeches that contribute absolutely nothing to society.

[-] errer@lemmy.world 10 points 10 months ago

Every HVAC and plumber in town has been bought up by private equity. They collude on service prices and prices have skyrocketed in recent years. Absolutely horrid for the consumer but line go up so who cares amirite…

[-] Septimaeus@infosec.pub 8 points 10 months ago

With a functioning government, price fixing and collusion would be investigated by the FTC or FBI, if I recall.

[-] LodeMike@lemmy.today 4 points 10 months ago

IMO mergers should be illegal. They don't provide anything positive.

[-] FunctionallyLiterate@lemmy.ca 12 points 10 months ago

I'm fine with mergers in a highly competitive field with plenty of players. Once competition starts drying up, so should the legality of mergers.

this post was submitted on 08 Oct 2025

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