1. to convert (a business, organization, or service) into a corporation or corporate structure
Usage: chiefly British spelling; American English typically uses 'corporatize'; often used in the context of government services or public institutions
2. to organize or manage (something) according to corporate principles or practices
Usage: often used critically to describe the application of business-like efficiency to non-commercial sectors

Examples

• The government decided to corporatise the national railway system.
• Critics argue that corporatising public schools undermines their educational mission.
• Many countries have corporatised their postal services in recent decades.
• The health authority was corporatised to improve operational efficiency.
• Some worry that corporatising universities will make education less accessible to low-income students.