1. to organize or convert (a business, institution, or service) into a corporation or corporate structure
Usage: often used in business and government contexts; can be transitive or intransitive
2. to subject (an institution or service, especially a public one) to corporate management or profit-driven principles
Usage: often used critically to describe the application of business practices to non-profit sectors

Examples

• The government decided to corporatize the postal service to improve efficiency.
• Many universities have begun to corporatize their operations, focusing more on revenue generation.
• The hospital was corporatized under new management, leading to significant changes in patient care policies.
• Critics argue that corporatizing public schools undermines their educational mission.
• The startup plans to corporatize its structure before seeking venture capital funding.
• When the city corporatized its water utility, rates increased substantially.
• Some argue that corporatizing healthcare has made medical services less accessible to low-income families.