Lexology July 31, 2024
Over the last decade, private equity firms have acquired healthcare companies, hospitals, and clinics at an increasing rate. In fact, in those ten years, private equity firms have spent roughly $1 trillion on an estimated 8,000 healthcare deals. This trend is only expected to increase through 2024. However, with the growing presence of private equity in healthcare, investors should expect increased scrutiny by the Department of Justice (DOJ) and other agencies.
2023 was a record year for False Claims Act enforcement, with over $1.8 billion recovered by the government from the healthcare industry alone. Earlier this year, Principal Deputy Assistant Attorney General Brian Boynton announced that healthcare fraud would continue to be a focus for FCA enforcement and that the...
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