CDR to Buy Baby Formula Maker, Kindred Hospice

Strange Tony,

There's more information about our new hospice owners.  CDR is buying the baby formula division of Reckitt Benckiser.  Big's Matt Stoller writes:

Clayton Dubilier & Rice is one of the original gangsters of private equity, founded in 1978. It had classic pedigree; Jack Welch was an advisor. The firm is perhaps best known for shipping respiratory equipment out of the U.S. in the early days of the Covid pandemic, as well as the standard stripping of assets from companies it buys, and then letting them go bankrupt. So one can expect Clayton Dubilier & Rice, if it buys Mead Johnson, to attempt to raise prices on formula, or cut corners."

CDR can't raise prices on hospice so Kindred Hospice employees can expect more corner cutting.  As if Humana, TPG and WCAS didn't already expose our poor hospice's bones.  Lord, save us from financial rapscallions as they deliver evil.

Anonymous