Matt Parr of the Private Equity Stakeholder Project, a nonprofit that researches the impact of private equity (PE) investment in health care and other essential services, last week published an op-ed in the Chicago Sun-Times that blames PE for “dismantling” three PE-owned Chicagoland hospitals, and calls for the state of Illinois to “adopt stronger oversight.”
“Private equity has become a significant force in hospital ownership, with approximately 488 hospitals owned by private equity firms as of April 2025, our research shows,” he writes. “That represents about 8.5% of all private, or non-government, hospitals and more than 22% of for-profit hospitals.
He adds that PE firms were “involved in 44% of the largest healthcare bankruptcies in 2025, a disproportionate share given the size of the industry.”
Read Mr. Parr’s full opinion piece here.
