Becker's Healthcare July 12, 2024
In June, U.S. Senators Elizabeth Warren and Ed Markey of Massachusetts introduced legislation targeting “corporate greed and private equity abuse” in the healthcare industry.
The Corporate Crimes Against Health Care Act of 2024 aims to address a rise in private equity control of health facilities, including hospitals and ASCs, according to a June 26 blog post from Coronis Health.
Private equity fund assets in healthcare hit $8.2 trillion in 2023, according to Sens. Warren and Markey.
Additionally, the senators assert that lax corporate transparency and accountability laws have allowed private equity firms to undermine the long-term stability of nursing homes, physician practices, hospitals and health systems.
If signed, the legislation would accomplish six key goals according...
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