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Advisory Board January 8, 2025
Senate report slams private equity’s ownership of hospitals
Healthcare Finance News January 8, 2025
PE ownership had negative consequences, including lower quality of care, decreased staffing and higher prices, report says.
A bipartisan Senate report on private equity ownership of two health systems shows PE investment puts a priority of profit over patient health and hospital finances.
A yearlong investigation found that patient care deteriorated at both systems, while private equity owners received millions, according to the Senate Budget Committee’s bipartisan staff report, “Profits Over Patients: The Harmful Effects of Private Equity on the U.S. Health Care System.”
The investigation was led by Senate Budget Committee Chairman Sheldon Whitehouse, D-R.I., and Ranking Member Charles E. Grassley, R-Iowa.
WHY THIS MATTERS
The report centered on the hospital Ottumwa Regional Health Center in Iowa and its...
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