Forbes June 7, 2024
Influential U.S. Senators are the latest to launch investigations into private equity’s increasing role in owning and operating everything from hospitals and health systems to physician practices and clinics.
In a letter last week to Ascension Illinois, a not-for-profit operator of 10 hospitals in the Chicago area, Sen. Chuck Grassley, an Iowa Republican and senior member of the Senate Finance Committee, said he wants to know how private equity is impacting patients, healthcare quality and outcomes.
Grassley’s investigation comes amid expanding probes by Congressional committees that include an investigation by U.S. Sen. Ed Markey, a Democrat from Massachusetts and chair of the Senate’s Primary Health and Retirement Security subcommittee, who has has “zeroed in on the hundreds of billions spent...
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