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Bill Schubart: Keep private investors away from nonprofits in health care, journalism, corrections
An outdated stone wall in the Marshfield city forest. File photograph by Cate Chant/VTDigger The incursion of non-public-fairness traders into nonprofit well being treatment, journalism and corrections is doing untold societal and economic damage in the assistance of high-pace profiteering. Non-public fairness buyers, normally minimal partnerships, find the right combine of fairness and financial debt and usually buy and restructure businesses that are not publicly traded. With number of regulatory barriers or constraints, they are significantly trying to find prospect in the nonprofit sector, giving them the prospect to harvest monetary price from taxpayer-funded govt resources this kind of as Medicare, Medicaid and Social Safety. Vermont (and the nation) have…