Radiology Business April 4, 2024
Spurred by a recently proposed radiology-related M&A deal, two U.S. senators are seeking to curb what they call “corporate greed” in healthcare.
Sens. Edward J. Markey and Elizabeth Warren, both Massachusetts Democrats, held a hearing on this topic Wednesday in Boston. They’re concerned, in part, by UnitedHealth Group’s proposal to purchase Steward Medical Group—a multispecialty radiology provider that spans nine states.
Previously owned by private equity firm Cerberus Capital Management, the investor group reaped $800 million in profit from Steward and left the organization in financial peril.
“Today’s hearing revealed how a billion-dollar deal that enriched Steward’s private equity owners and its CEO left the hospitals in shambles,” Warren said in a statement issued April 3. “We need to hold...
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