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Gretchen Morgenson: From Wall Street to Journalism

Masters in Business

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The Unpreparedness of Private Equity Healthcare During the COVID Pandemic

Private equity healthcare, senior living, nursing homes, ERs, hospitals did very well because they got a lot of CARES Act money from the government. And so what you had is these firms again focusing on cost cutting. They were not likely to stockpile PPE, masks to buy ventilators to prepare for a pandemic. In fact- That's the full cost money and it's money that sits on a shelf.

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