This word is acceptable for play in the US & UK dictionaries that are being used in the following games:

• Lexulous
• Wordscraper
• Wordosaur

n. The process or an instance of returning to private ownership.

"Accordingly, this office recommends a new corporate strategy: Whatever Mr. Obama says, GE should do the opposite, starting with investing in coal-burning power-plants and health care reprivatization."

reprivatize