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Walgreens is currently facing a crisis under its new private equity ownership, and the "strip-and-flip" playbook is unfolding faster than anyone anticipated. If you’ve noticed your local pharmacy has stopped answering the phone, here is why: 🚩 The Private Equity Playbook Last year, Walgreens was acquired in a deal...

42,206 views • 6 months ago •via X (Twitter)

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Private Equity Firms have found a new target in America, Hospitals 460+ American hospitals are now owned by private equity firms Just in the last few years, they’ve already managed to load an estimated 50 hospitals up with debt, forcing their bankruptcies and closures One private equity firm bought a hospital in Pennsylvania, “ Just two years after buying Crozier Health, Prospect took out a $1.1 billion loan and then sent nearly half of it straight to their investors while Crozier continued to suffer. It's fundamentally extractive, even among private equity industry folks. It's a controversial way to generate a return on an investment because it adds absolutely no value to the company in question” Private equity firms often use leveraged buyouts, loading acquired hospitals with debt to finance purchases. This debt, combined with strategies like sale-leaseback deals (selling hospital real estate and leasing it back to the hospital at high rents), can strain hospital finances Here’s another example of that: Steward Health Care, previously owned by Cerberus Capital Management, sold its real estate to Medical Properties Trust (MPT), incurring $350–400 million in annual rent, contributing to its 2024 bankruptcy - The hospitals own the land - Private equity buys the land and sells it to their own company - They then leases the land back to the hospital at hundreds of millions of dollars per month - They take out massive loans and pay their private equity executives hundreds of millions of dollars each The hospital goes bankrupt and closes Last month, a woman arrived at a Pennsylvania hospital with her barely breathing baby, only to discover the hospital had closed. Why? The hospital’s owner diverted millions to private equity investors instead of investing in healthcare. Now, patients and workers are paying the price.

Wall Street Apes

247,694 views • 1 year ago

Private Equity Firm purchases Pennsylvania Hospital, paid all their executives hundreds of millions of dollars, sold their land, then started charging the hospital $35 million per year in rent forcing the hospital to shut down “The private equity firm that owned and shut down this Delco hospital pocketed hundreds of millions of dollars in the process, while it left its community stranded of emergency services. And it has already ruined lives. - Prospect Medical Group bought the nonprofit Crozer Hospital System back in 2016, while the hospital system was struggling financially - 2 years later, in 2018, Prospect took out a $1 billion loan and then paid out investors over $450 million - The CEO, Sam Lee, pocketed almost $100 million And obviously, when you take out a loan, you have to pay it back. So Prospect sold all the land and buildings of all the hospitals they owned across the country to a real estate Investment Trust for $1.4 billion. That real estate trust then rents out the land and the buildings back to the hospitals in what's called a sale leaseback agreement. For the Crozer system in Delco, this now meant that they had to pay $35 million a year in rent to the trust. That's $35 million a year in rent that they didn't have to pay before Prospect took over. On top of that, Prospect was accused of aggressively cost cutting, reducing quality of care at their hospitals, and got sued multiple times for Medicare fraud. Surprise, surprise. Prospect had to file for bankruptcy back in January, listing debts of more than $400 million, which is also suspiciously similar to the 450 million that was paid out to investors back in 2018. So Prospect had to shut down two of its hospitals here in Delco, making it much harder for the people in this area to get the proper care they need. Quite literally, some people in emergency situations will now, because of the extra time it takes to get to another hospital. And mind you, that is not an exaggeration. It has already happened — The Prospect investors basically got away with all of this, and they're now hundreds of millions of dollars richer.”

Wall Street Apes

295,814 views • 1 year ago

ENDING THE GLOBALIST IMPERIAL SYSTEM and understanding the game plan to free humanity and build something new, for we, the people, by the people, while navigating through the fake news media, finding the truth, and putting the pieces together. It's easy to get caught up in the noise and the massive amount of psychological warfare tearing you down and playing on your emotions, especially throughout social media. All of this and everything you see happening is by design. Since Trump took office the plan has always been the same. End the globalist deep state satanic cabal and remove them and their system from power. The mainstream media and other operations are running on overtime because their entire plan has been completely spoiled once again. They are running out of time and are on offense. And they know it. Everything transpiring is much bigger than simply picking one side over another. There are massive layers and players on both sides making up a massive 400 year old plan to take control of humanity at the core. The plan has been in motion for literal centuries by the globalist deep state satanic elite to enslave humanity, create a one world government and to destroy everything that it means to be free and no one tried to stop them or ever stood in their way and was successful. Until now. Their plans have been foiled again and again. From Covid lockdowns and now attempting to start WW3. One man has stood up and in their way before they could get to you. To get to us. This man and others with some of the finest men and women of our time are fighting a battle to end this evil cabal. To free humanity and destroy this ancient slave system built on never ending wars and unlimited enemies, instead of friendships and partnerships with others and a system of debt that the people will never pay off. Most importantly to save the children and become the free society that we were always meant to be. Sometimes things are hard to understand or keep up with. But it all starts with a dream, a goal, a vision. With faith, consistency and belief. Anything is possible. This ancient evil cabal is on its last leg and on its way out forever. Everything is not always as it seems. Stop buying everything the mainstream media and others are constantly throwing in front of you. It's all noise. Do not get caught up in the day to day drama. There are layers, optics, and timing for everything that you are witnessing. Think logical. Think bigger. Your president knows the truth. Trust your president. Have faith and Godspeed.

The SCIF

90,035 views • 1 year ago