*loots companies through "[[value extraction]]," as in stripping away value so badly that "hospitals bought by private equity firms have been accused of drastic cost cutting, leading to persistent mechanical breakdowns, a lack of medical supplies, and insufficient fuel for ambulances due to unpaid bills. A study found that private equity ownership increases the “short-term mortality” (deaths in care and during the following 90 days) of Medicare patients by 10%";<ref name="C"/> | *loots companies through "[[value extraction]]," as in stripping away value so badly that "hospitals bought by private equity firms have been accused of drastic cost cutting, leading to persistent mechanical breakdowns, a lack of medical supplies, and insufficient fuel for ambulances due to unpaid bills. A study found that private equity ownership increases the “short-term mortality” (deaths in care and during the following 90 days) of Medicare patients by 10%";<ref name="C"/> |