Monday, April 20, 2020

Another Way for Carlyle to Profit from COVID-19

Irish Times reported:

The estimated €115 million that the State will pay each month to use 19 private hospitals during the Covid-19 crisis will go to companies owned by religious orders, foreign investors, two billionaires, a vulture fund and private backers.
The Carlyle Group owns one Dublin hospital participating in this arrangement.  Carlyle also bought blood plasma software company MAK Systems in February.   60 Minutes did a piece on convalescent plasma treatment for the seriously ill coronavirus patients.  With crisis comes opportunity.

Carlyle and its PEU peers have the political chops to get a bipartisan Congress and the Federal Reserve Bank to open Uncle Sam's wallet and save their highly leveraged affiliates.  The sweet PEU deals keep coming.