Keckley Report January 13, 2025
Last week, the Senate Budget Committee released a 171-page staff report about private equity (PE) ownership of hospitals—its second in two years. This report focused on Apollo Global Management’s ownership of Brentwood, Tennessee-based Lifepoint Health, which runs the Ottumwa Regional Health Center in Iowa, and Leonard Green’s ownership of Los Angeles-based Prospect Medical, which has two Rhode Island hospitals in its portfolio.
The year-long investigation concluded: In sum, the findings of the investigation call into question the compatibility of private equity’s profit-driven model with the essential role hospitals play in public health. This report serves as a call to action for greater oversight, transparency, and reforms to ensure that PE-driven financial strategies in healthcare do not come at the expense...
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