Anonymous wrote:Anonymous wrote:It's a good point that people who sell their businesses to PE are just as evil as PE
It’s their own business, no?
Anonymous wrote:Anonymous wrote:The VAST majority of businesses are private and don't have access to public markets to grow. Private markets (both equity and debt) exist to support these businesses. Also true: many businesses fail. But without PE we'd be left with WalMart Amazon and Google for everything.
The high profile PE firms that are predatory sure they're bad, but they also fill a niche that as a capitalist society we have decided exists.
Please explain to me how PE helped save competitors to these businesses?
Ex Walmart
Kmart. PE involvement. Dead
Montgomery Ward. PE involvement. Dead.
What other co?
Anonymous wrote:It's a good point that people who sell their businesses to PE are just as evil as PE
Anonymous wrote:Private Equity has been great for the nursing home industry. PE-owned firms can charge their patients 10% more for services, while cutting their cost of staffing by 3%. They also have better turnover of patients, as the mortality rate is 10% higher at PE-owner nursing homes, which frees up bed space for the new patients.
PE-owned nursing homes also support the pharmaceutical industry by using 50% more antipsychotic drugs than other nursing homes. This keeps patients calm, sedated, and relaxed, providing a much better patient experience.
https://www.nber.org/digest/202104/how-patients-fare-when-private-equity-funds-acquire-nursing-homes?page=1&perPage=50