Goldman Sachs Plans to Cut Hundreds of Jobs
Wall Street JournalMAR 23 2022
A positive, albeit novel, aspect of these PE funds is their ability to save family-owned businesses when aging owners can no longer run the show. Though it doesn't always work out, firms like Goldman often have the financial capability to retain a company's success or even boost its profitability.
PE funds are terrible for many small businesses, but none more so than the healthcare industry. Time and time again we've seen PE firms snatch up local hospitals, treat them solely as a five-to-seven-year investment, and then the intimate, affordable experience a doctor's visit should be all of a sudden vanishes.