MedPage Today January 8, 2025
— “The American public deserves more when it comes to healthcare”
The increasing involvement of private equity in the healthcare system “potentially pose[s] a threat to the nation’s healthcare infrastructure, particularly in underserved and rural areas,” according to a bipartisan Senate Budget Committee report released Tuesday.
The report focuses in particular on two private equity firms: Apollo Global Management and Leonard Green & Partners (LGP).
Apollo owns a company that manages Lifepoint Health, a healthcare system that includes Ottumwa Regional Health Center (ORHC) in Iowa. In 2022, a nurse practitioner at ORHC fatally overdosed on drugs acquired at the hospital and was later found to have sexually assaulted nine incapacitated female patients in less than 2 years.
“Questions arose as...
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