A firm that helps kids with autism grew till it had 265 clinics. Then private equity took over.
www.nbcnews.com
Blackstone bought CARD in 2018. By 2023 the autism services company had shuttered 100 locations and declared bankruptcy.

This is pure evil

  • queermunist she/her@lemmy.mlEnglish
    3·
    8 months ago

    I guess the bank is okay with eating the loss on one slash and burn if it means they can get more return from other investments, but I definitely can’t wrap my mind around it. It’s like the bank is being robbed and deciding it’s okay because the robbers are reinvesting the money they stole.