Becker's Healthcare January 9, 2025
A Jan. 7 bipartisan Senate report titled “Profits Over Patients: The Harmful Effects of Private Equity on the U.S. Health Care System” heavily scrutinized private equity involvement in healthcare, particularly in underserved and rural communities.
Here are 10 takeaways from the report:
1. The report was published by the Senate Budget Committee and authored by Sens. Sheldon Whitehouse and Charles Grassley.
2. The report focused specifically on two firms: Apollo Global Management and Leonard Green & Partners.
3. The report examines Apollo’s ownership of Brentwood, Tenn.-based Lifepoint Health, which includes Ottumwa (Iowa) Regional Health Center. In 2022, a nurse practitioner at ORHC fatally overdosed on drugs acquired at the hospital and was later found to have sexually assaulted...
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