We hope you’ll join us for this timely and compelling panel discussion at CII.
Spotlight on Private Equity in Healthcare: How Institutional Investors Can Reduce Risk and Stabilize Value
Tuesday, March 5, 2024
5-5:45pm
Hirshorn Room, Salamander Hotel
Private equity has been rapidly expanding in the healthcare industry with substantial institutional investor backing. Excessive leverage has drained vital resources from hospital portfolio companies,
introducing significant risks, reducing resources needed to provide quality care to patients and ultimately reducing these portfolio companies’ long-term value to the detriment of limited partners.
This panel discussion raises essential questions on private equity governance and investment risks and their concrete impact on limited partner returns, highlighting current efforts to ensure better
management practices at private equity-owned hospital firms and opportunities to deliver stable, long-term value to investors.
Panelists:
David Kazansky, Teacher Trustee, Teachers’ Retirement System of New York City. Mr. Kazansky has dedicated nearly three decades to education and union advocacy.
He has taught in both Bronx Middle Schools and Elementary Schools, while also serving as his school's union representative. In 2015, David was elected to the NYCTRS Board, overseeing assets totaling over $100 billion for approximately 200,000 members and retirees.
He has been involved in the system's efforts to divest from fossil fuel reserves and for-profit prisons as well as the push for more responsible investing practices.
Robert McNamara, MD, FAAEM, Professor and Chair of the Department of Emergency Medicine at Temple University’s Lewis Katz School of Medicine. Dr. McNamara is a
leading voice in Emergency Medicine regarding the corporate takeover of the specialty and the presence of private equity in our nation’s EDs. As a founder of the American Academy of Emergency Medicine (AAEM), Dr. McNamara served as President from 1996 until
2002. Under his leadership the organization gained national stature fighting corporate Emergency Medicine. He recently helped found
TakeMedicineBack, a multispecialty organization addressing the role of private equity in medicine.
Eileen O'Grady, Healthcare Research Director,
Private Equity Stakeholder Project. Ms. O’Grady has written extensively on issues related to private equity investment in various aspects of the US healthcare system, and has been featured in The New York Times, The
Wall Street Journal, Bloomberg, Marketplace, Los Angeles Times, CNN, Modern Healthcare, and other media outlets. The Private Equity Stakeholder Project is a nonprofit organization serving as a watchdog of the private equity industry—shining a light on the
industry’s impacts, assets, and risks.
Melanie Myers, AFT Center for Workers’ Capital, will moderate this panel discussion.
Please don’t hesitate to reach out should you need more information.
Melanie Myers
Senior Associate Director | Center for Workers' Capital
M: 510-612-1219
| E: mmyers@aft.org
American Federation of Teachers, AFL-CIO
555 New Jersey Ave. N.W. | Washington, DC 20001
www.aft.org |
www.facebook.com/AFTunion |www.twitter.com/AFTunion
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