Cerberus Capital Management

Steward Health Care Declares Bankruptcy After Private Equity Extracts $1.3 Billion, At Least 15 Patient Deaths Linked to Substandard Care

2024-05-06 00:00:00 +0000 UTC | Importance: 10/10

Steward Health Care, the Dallas-based for-profit hospital system operating 31 hospitals across eight states, declared bankruptcy in one of the most colossal failures of a hospital chain in American history. Private equity firm Cerberus Capital Management and former CEO Ralph de la Torre reportedly …

Steward Health Care Ralph de la Torre Cerberus Capital Management Medical Properties Trust Senate HELP Committee healthcare hospital private-equity bankruptcy patient-harm +2 more

Ways and Means Chairman Proposes Carried Interest Reform That Private Equity Lobbying Defeats

2014-02-26 00:00:00 +0000 UTC | Importance: 8/10

House Ways and Means Committee Chairman Dave Camp (R-MI) released comprehensive tax reform draft legislation proposing to raise the tax on carried interest from 23.8% to 35%, effectively closing one of the most notorious tax loopholes benefiting private equity and hedge fund managers. Carried …

Dave Camp House Ways and Means Committee Carlyle Group Cerberus Capital Management Managed Funds Association regulatory-capture tax-policy lobbying private-equity congressional-corruption