equity

Private equity backers shut down The Alchemist bar chain | Money News Aitrend

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Private equity backers shut down The Alchemist bar chain | Money News Aitrend

Longtime private equity investors in The Alchemist, the popular downtown cocktail bar chain, are ending their ownership of the company. Sky News has learned that Palatine, who has owned The Alchemist since 2015, was working with advisers on an auction of the company. The Alchemist, which has weathered a difficult economic environment exacerbated by tax … Read more

Bipartisan Senate report denounces ‘harmful effects’ of private equity on hospitals Aitrend

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Efforts by two private equity firms to extract profits from hospitals located in underserved communities are putting patients at risk, according to a new report released Tuesday by a powerful Senate committee. 162-page Senate Budget Committee report comes as Americans continue to express outrage at the role of corporations in the American health care system, … Read more