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Private equity groups bet on UK healthcare as NHS waiting lists grow (www.ft.com)

submitted 1 year ago by Emperor to c/unitedkingdom

7 comments fedilink hide all child comments

Private equity firms have bought up dozens of UK healthcare companies including ambulance fleets, eye-care clinics and diagnostics businesses over the past two years as they seek to cash in on spiralling NHS waiting lists.

Private equity firms have struck 150 deals for UK healthcare companies since 2021, according to consultancy LaingBuisson, with the past two years the highest in terms of volume since at least 2014.

....

Tim Read, director of research at LaingBuisson, said private equity firms were increasingly buying up “organisations that are an integral part of healthcare delivery”.

“The pandemic has demonstrated the value of investing in healthcare services as it showed the resilience of operators which are underpinned by public funding.”

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[–] originalucifer@kbin.social 18 points 1 year ago* (last edited 1 year ago) (2 children)

is this the same bullshit they pull in the US where they suck all the funding out of a perfectly functioning system, which cripples it. then they get to point at that system as a failure the only answer to which seems to be 'privatization'?

[–] Emperor 11 points 1 year ago

Pretty much.

They wreck chunks of it and then pay their mates to pick up the slack, despite the most efficient use of public money being in ensuring there is no slack.

[–] transientpunk@sh.itjust.works 7 points 1 year ago

Yes. Tories have been working at this for years