1. past tense and past participle of corporatise; converted (a public service, institution, or organization) into a corporation or corporate structure, typically to operate on commercial principles.
Usage: chiefly British English; often used in policy and governance contexts

Examples

• The government corporatised the water utility to improve efficiency.
• After the health service was corporatised, costs increased significantly.
• Several European countries corporatised their postal services in the 1990s.
• The corporatised railway company now operates for profit.
• Critics argued that the library system should not have been corporatised.