# H.I.G. Capital Miami middle-market private equity firm (founded 1993) whose portfolio makes it the carceral economy's financier: its prison-healthcare company Wellpath filed Chapter 11 in November 2024 under ~$644M of debt and roughly 1,500 malpractice suits accumulated in seven years across ~420 facilities — the bankruptcy plan (confirmed May 2025) included an H.I.G.-funded settlement pool for prisoners and survivors who sued over deaths and injuries. A working example of the PE playbook applied to captive populations, where the customer is the state and the person receiving the "care" has no exit. > Status: stub — expand with the Wellpath bankruptcy details, other carceral holdings (prison commissary/services), and the PE-in-prisons literature. ## See Also - [[Private Equity Sector]] - [[Carceral and Border Security Sector]] — where its portfolio operates