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Protests Target Private Equity’s Control of Housing and Healthcare at Berlin SuperReturn Conference

Critics say private equity’s aggressive cost cutting is undermining service quality, urging regulators to impose tighter controls.

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Overview

  • The SuperReturn conference in Berlin has drawn global private equity and asset managers overseeing over $50 trillion in assets, with keynote speeches from Bono and Serena Williams.
  • Protests by Finanzwende, Deutscher Mieterbund, Verdi and other groups are unfolding around the event to highlight the social impacts of financial investors in essential services.
  • Critics point out that approximately one million housing units in Germany are controlled by publicly listed companies that often resort to steep rent hikes and property underinvestment.
  • In the healthcare sector, firms like Alloheim have reduced personnel spending to about 55 percent of budgets, compared with around 70 percent in non-profit facilities.
  • Activists warn that private investors exploit loopholes in the Grundstücksverkehrsgesetz to acquire farmland and are calling for stronger rules and transparency.