Becker's Healthcare September 19, 2024
Assembly bill 3129 was passed by the California Legislature in August, and would give the attorney general authority to review and approve or deny transactions between independent physician practices and private equity firms.
However, as Ed Cohen, MD, and Aaron Spritz, MD, argue in a Sept. 18 opinion piece in The San Diego Union-Tribune, the bill could be “disastrous for physicians and patients alike.”
This bill marks a fourth time that legislation has been proposed to give the attorney general the final say in whether healthcare groups can partner with PE-backed entities. Past proposals were all rejected. Instead, the Legislature created the Office of Health Care Affordability in 2022. This new office, which began work in April 2025, took on...
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