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Private equity used the same play against Red Lobster. Sell off all the land (to their other company), charge enough rent to possibly bankrupt the initial company, and either they find a way to pay it (usually enshittification) or they don’t. Either way, money is extracted and others are left holding the literal bills.
By the way, United Healthcare plays similar games. Per the ACA, health insurance profits are capped at 15%. So they vertically integrate. A good chunk of their “in network” providers are UHC paying themselves in one way or another.
