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cyu@sh.itjust.works

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

submitted 1 month ago by cyu@sh.itjust.works to c/unions@sh.itjust.works

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[–] FunctionallyLiterate@lemmy.ca 29 points 1 month ago* (last edited 1 month ago) (4 children)

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.

[–] LodeMike@lemmy.today 3 points 1 month ago (1 children)

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

[–] FunctionallyLiterate@lemmy.ca 12 points 1 month 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.

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