Becker's Healthcare December 13, 2023
Two Senate budget committee members have opened a bipartisan investigation into the effects of private equity ownership of hospitals.
The senators sent letters to the CEOs of Leonard Green & Partners, Prospect Medical Holdings, Medical Properties Trust, Apollo Global Management, Brentwood, Tenn.-based Lifepoint Health, and Ottumwa Regional Health Center, a for-profit Iowa hospital, inquiring about “questionable” financial transactions that may have impacted the quality of care at facilities under private equity ownership.
Since coming under private equity ownership, several hospitals have experienced worsened care and high staff turnover, according to a Dec. 7 press release from the Senate Committee on the Budget.
The senators are requesting documents and detailed answers about related-party transactions and the degree to...
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