You are here

When you dial 911 and Wall Street answers

Private equity firms are increasingly taking over public services

Rural/Metro, long one of the US's largest ambulance companies and an operator of a private fire department, endangered the health of residents of a Tennessee county in the year since private equity led the firm into bankruptcy, according to the county.

New York

SINCE the 2008 financial crisis, private equity firms, the "corporate raiders" of an earlier era, increasingly have taken over an array of civic and financial services that are central to everyday American life, according to a study by The New York Times.

Today, people...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to