4sight Health September 10, 2024
Sometimes a title says it all. The highly respected Kaiser Health News (KHN) launched an investigative series in June 2022 exploring private equity’s expanding presence in the healthcare marketplace. KHN titled the series “Patients for Profit: How Private Equity Hijacked Healthcare.” KHN is hardly alone. Numerous academic institutions and media outlets have published in-depth studies on the dangers of PE investments in healthcare.
The already negative orientation of academic and media coverage has amplified this year as Steward Health Care, the nation’s largest privately-owned for-profit health system, hurdled toward bankruptcy. Steward officially filed for bankruptcy on May 6, 2024.
As the Steward saga unfolds, Axios reports that “Congress is ramping up oversight of private equity’s influence in healthcare.” It’s undertaking...
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