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New report slams PE firm Apollo Global for allegedly degrading services and neglecting patients in hospitals

por John R. Fischer, Senior Reporter | January 24, 2024
Business Affairs

But as Werner pointed out, evidence supporting certain accusations against PE firms is limited, with a study out of Columbia University in 2023 finding their effects on quality to be mixed to harmful, and their impact on health outcomes and operator costs to be inconclusive.

The PESP drafted its report in conjunction with the American Federation of Teachers (AFT) and the International Association of Machinists and Aerospace Workers (IAM), both of which represent hospital workers at numerous facilities owned by Apollo. Both organizations say that several of their members have repeatedly complained of their facilities placing profits over patient needs and neglecting care issues, including staff shortages and cost cutting, which in turn has made it harder for employees to perform their jobs.

O'Grady recommends collective bargaining as a potential solution. "In healthcare, collective bargaining is the manner to ensure that worker rights are protected and that healthcare workers have the protections they need to advocate for their patients."

Apollo did not respond to HCB News for comment.

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