Big business lobbyist urges ban on healthcare M&A activity for a year

The Pacific Business Group on Health wrote congressional leaders seeking a yearlong ban on mergers and acquisitions among hospital and clinician groups that sought government money, Reuters reported May 22.

Advertisement

The lobbyist group, which represents businesses like Boeing, Salesforce, Tesla and Walmart, said consolidation in healthcare will lead to higher costs.

The COVID-19 pandemic devastated clinician groups because of statewide bans on elective surgical procedures. Although procedures are restarting, the lobbyist group is seeking the ban to prevent large health systems from buying struggling practices.

PBGH CEO Elizabeth Mitchell wrote: “Anti-competitive practices are increasingly concerning to large employers. What we’re seeing happening right now is the collapse of independent primary care.”

More articles on surgery centers:
4 COVID-19 supply considerations for ASCs
5 hospitals, health systems opening or planning ASCs
ASCs reopening to patients: Check these 7 boxes 

At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 18–20 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.

Advertisement

Next Up in ASC Transactions & Valuation Issues

Advertisement

Comments are closed.