Profiteer rapacity knows no limits

Or ethical standards. If, for example, you search “private equity news” you can see for yourself how they’re predictably running amok, these days.

“Investors in for-profit entities see that as an opportunity to make money,” she said, “in a space that had not historically been seen as super profitable.”

Shields and other researchers have repeatedly flagged concerns about lower quality of care at mental health facilities owned by for-profit corporations, in part due to efforts to cut staff and reduce costs. Companies have defended the quality of care they provide.

ProPublica reported (September 22) that over 90 psychiatric hospitals across the country have violated the Emergency Medical Treatment and Labor Act in the past 15 years. The vast majority of them — around 80% — are owned by for-profit corporations. - ProPublica