Radiology Business October 1, 2024
California Gov. Gavin Newsom (D) has vetoed a bill that would add more scrutiny when private equity firms and hedge funds acquired physician practices or other healthcare entities.
State lawmakers previously passed Assembly Bill 3129 on Aug. 31, advancing the legislation to the governor’s desk for consideration. Newsom issued his final decision Sept. 28 along with two dozen other vetoes.
The bill would have given the state attorney general power to impose conditions on the acquisition of radiology groups or other healthcare entities. This would apply in cases where authorities believe a PE or hedge fund investment would have “anticompetitive effects or negatively impact access or availability of healthcare services to the community.” Assembly Bill 3129 also would...
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