private equity
Just as dissidents achieve majority on pension fund board, DeWine removes one
Gov. Mike DeWine is being accused of pulling “a switcheroo” on Ohio’s retired teachers by terminating a change-minded member of the pension board just as that faction was achieving a majority. But the governor’s spokesman said all the governor wants is a member of the State Teachers Retirement System Board who will faithfully attend its […]
Just after bonus controversy, Ohio teachers pension system to increase them again
Ohio’s retired teachers might have gotten only one 3% cost-of-living increase since 2017, but the staff that’s managing their pension funds is requesting a 31% increase in its already big annual bonuses. The same staff last year was awarded $10 million in bonuses and then reported $5.3 billion in losses — 77% higher than the […]
Teachers’ pension system touts clean audit. Retirees unimpressed
Correction: The State Teachers Retirement System of Ohio manages about $90 billion in assets. An earlier version of this story gave an incorrect amount. It has been updated. The State Teachers Retirement System of Ohio has been flagging the results of a special audit conducted in response to complaints from some teachers and retirees. But […]
ER doctors call private equity staffing practices illegal and seek to ban them
This article is published in partnership between Kaiser Health News and States Newsroom. A group of emergency physicians and consumer advocates in multiple states are pushing for stiffer enforcement of decades-old statutes that prohibit the ownership of medical practices by corporations not owned by licensed doctors. Thirty-three states plus the District of Columbia have rules […]
Death is anything but a dying business as private equity cashes in
Private equity firms are investing in health care from cradle to grave, and in that latter category quite literally. A small but growing percentage of the funeral home industry — and the broader death care market — is being gobbled up by private equity-backed firms attracted by high profit margins, predictable income, and the eventual […]