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May 1, 2022 Aditi Ramaswami

WEEKEND READER: Suffering At The Hands Of Private Equity

KKR’s takeover of one of the nation’s largest group home operators might have created dangerous — and in some cases, deadly — conditions.
WEEKEND READER: Suffering At The Hands Of Private Equity
(AP Photo/Hassan Ammar)

In 2019, private equity giant KKR bought BrightSpring Health Services, one of the nation’s largest group home operators, for more than a billion dollars. KKR’s purchase of BrightSpring, and with it 600-plus residential facilities, came with great responsibility, given the health organization’s role in providing round-the-clock care for people with severe intellectual and developmental disabilities.

As we highlight below, a damning new BuzzFeed News investigation — one of its last, given the company’s decision to dismantle its award-winning investigations team — found that KKR appeared to prioritize business expansion over the health and safety of group home workers and residents. According to BuzzFeed News, by doing so, the firm created a crisis that left residents “consigned to live in squalor, denied basic medical care, or all but abandoned.”

Read all about it in this week’s Weekend Reader, exclusively for supporting subscribers below.

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