Lexology September 18, 2024
As this fall’s election approaches, headwinds have been brewing in DC and state legislatures for private equity health care dealmaking, many of them with bipartisan support. While a key Senate committee scrutinized patient care ramifications from the Steward Health Care bankruptcy and California passed the first attorney general review of health care acquisitions, the FTC’s muscular opposition to health care roll-ups and noncompetition covenants continues to reverberate.
On Sept. 12, the Senate Health, Education, Labor and Pensions (HELP) Committee held a hearing titled “Examining the Bankruptcy of Steward Health Care: How Management Decisions Have Impacted Patient Care.” The hearing focused on the consequences of the mismanagement of Steward Health Care and impacts on surrounding communities. Chairman Bernie Sanders (I-VT) labeled...
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