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The Government was tonight accused of gambling with the UK’s blood supply by selling the state-owned NHS plasma supplier to a US private equity firm.
After hearing of the sale Lord Owen told The Independent: “It’s hard to conceive of a worse outcome for a sale of this particularly sensitive national health asset than a private equity company with none of the safeguards in terms of governance of a publicly quoted company and being answerable to shareholders.
Originally posted by Wrabbit2000
Contrary to popular myth, legend and general propaganda in a political race... Bain Capital is just a re-hab/holding company. I don't know why the name invokes some sudden sense of dread or bad outcomes. They fail if the companies they buy fail and succeed most when those purchases take off. So.. It's probably the best to happen, really.
Unlike the NHS, a company like Bain has personal stake and interest in seeing it do well. No profit for the company? No profit for the owners. They might just have a better time of things, long term, than being run by a Government system that can care less if they succeed or not, let alone have satisfied employees or not.