1. converting (a public service, institution, or organization) into a corporation or corporate structure, typically to operate on a for-profit or semi-autonomous basis
Usage: present participle of 'corporatize'; often used in policy and business contexts

Examples

• The government is corporatizing the state-run hospital to improve efficiency.
• Critics argue that corporatizing public utilities will raise costs for consumers.
• Many countries have been corporatizing their postal services over the past decade.
• The university faced backlash for corporatizing its research divisions.
• Corporatizing the water system sparked protests from environmental groups.
• The administration proposed corporatizing several municipal departments to reduce the budget deficit.