HealthExec June 7, 2024
A bill in California aims to curb unfettered investment in healthcare from private equity firms and hedge funds. Reflecting a desire held by some legislators to limit consolidation, Assembly Bill AB-3129 would require such investors to have their buyouts approved by the Golden State’s attorney general before they finalize.
While it has a long way to go before becoming law, the bill has been gaining traction and was approved by the California house assembly. It now waits in a Senate committee to be voted on.
The bill has until August to be confirmed by the Senate, or it won’t have a chance to be made law by Gov. Gavin Newsom this year.
Under the current terms of AB-3219, private...
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