Behavioral Health Business August 27, 2024
Private equity-backed behavioral health companies are organizing to oppose additional dealmaking oversight in the health care hotbed of California.
Since April, Assembly Bill 3129, sponsored by Assemblymember Jim Wood, has passed out of the California State Assembly and has succeeded in two committee votes in the California State Senate. The bill, if enacted, would require private equity or hedge funds to disclose acquisitions 90 days before they close and get permission from the state attorney general to do so.
The new coalition of providers says that this proposed law jeopardizes the industry’s ability to meet the crushing demand for behavioral health services.
“Behavioral health providers are already under-resourced to meet the unprecedented demand for behavioral health care and SUD services,”...
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