Serious Medical Errors Rose After Private Equity Firms Bought Hospitals - The New York Times

Some private equity owners may be overly eager to cut costs, leading to a decline in the quality of care, he said. "It's about the style of investing," he said. "It's about the aggressiveness and short-time-frame profits and returns on investment that are sought." In the cases where they do not pursue this strategy, private equity can be positive, Dr. Blumenthal added: "It brings capital. It brings innovation." 

The researchers said the most likely explanation for the increased errors was fewer hospital employees, an effect that has been measured in other studies of private equity. "Reductions in staffing after acquisition could explain all of these findings," Dr. Song said...

https://www.nytimes.com/2023/12/26/upshot/hospitals-medical-errors.html