thanks for raising the alarm, L.Guy: The dark side of capitalism (aka greed): Investors Extracted $400 Million From a Hospital Chain That Sometimes Couldn’t Pay for Medical Supplies or Gas for Ambulances — Later On

Peter Elkind with Doris Burke report in ProPublica: In the decade since Leonard Green & Partners, a private equity firm based in Los Angeles, bought control of a hospital company named Prospect Medical Holdings for $205 million, the owners have done handsomely. Leonard Green extracted $400 million in dividends and fees for itself and investors […]

The dark side of capitalism (aka greed): Investors Extracted $400 Million From a Hospital Chain That Sometimes Couldn’t Pay for Medical Supplies or Gas for Ambulances — Later On

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