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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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[–] Emperor 10 points 1 year ago

I moan about Tory incompetence but every cock up seems to result in public money being pumped into the pockets of big business. At some point you have to conclude this isn't a bug it's a feature. It would perhaps be too much to say they seem to be doing this all very well and it is likely it's more disaster capitalism at work.