Vampire capital

How did I miss this?

Mitt Romney’s private equity company Bain Capital is in the news again, this time for buying the majority of United Kingdom’s entire blood plasma supply. The Department of Health has sold the state-owned Plasma Reources UK (PRUK) to Bain Capital for £230 million.

The deal it is raising concerns about the seemingly limitless opportunities for privatization. PRUK had been dedicated to using low contamination risk populations, and critics fear the privatization of blood plasma could prompt profit-incentivized shortcuts and a contamination of blood supply.

Former Health Minister Lord Owen wrote to Prime Minister David Cameron earlier this year and urged him to stop the sale. “The world plasma supply line has been in the past contaminated and I fear it will almost certainly continue to be contaminated,” Owen wrote. “Is there no limit to what and how this coalition government will privatise?”

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