How workers suffered from Shopko's bankruptcy while Sun Capital made money

Illustration of a hundred dollar bill on a fish hook being pulled away from an open hand.
Illustration: Aïda Amer/Axios

Private equity is again under fire for bankrupting a longtime retailer and stiffing its employees.

What's new: At issue this time is Shopko, a Wisconsin-based discount chain that was acquired by Sun Capital Partners in 2005 for around $1.1 billion. It filed for Chapter 11 bankruptcy protection in January and later opted to liquidate after failing to find a buyer.

Congress eyes federally funded medical claims research

A health care technician points to computer screens near a cardiac cath machine.
A technician works in a cardiac cath lab. Photo: Jeff Gritchen/Digital First Media/Orange County Register via Getty Images

A new draft health care bill, released today in the Senate, would aim to build a better database of real-world records about health care costs.

Details: The federal government would pay a nonprofit $95 million over 6 years to build a database of medical claims, showing how much employers and insurers actually paid for care. Employers' claims data has long been considered a black box.