A bill that would strengthen California’s ban on the corporate practice of medicine and address the growing influence of private equity in healthcare has passed out of the state’s legislature and is headed to Gov. Gavin Newsom’s desk for final…
Private Equity
The recent collapse of two private equity-backed healthcare companies — Los Angeles-based Prospect Medical Holdings and Dallas-based Steward Healthcare — have resulted in significant pushback on PE involvement in healthcare from individual states, Quartz reported July 17. Here are six…
As private equity continues to make its mark on the ASC landscape, many in the industry are questioning the sustainability, and motivations, behind its rapid expansion. Allyn Wilcock, CRNA, owner of Snoqualmie, Wash.-based Advanced Anesthesia Services and Northwest Healing and…
Private equity may bring capital, scale and infrastructure to physician groups, but it can’t replace physician control. Without buy-in from physicians, even the most well-funded deal can unravel. During the session “What Physicians Should Know Before Selling to Private Equity”…
No matter how enticing the payout, private equity can’t buy physician alignment, and many leaders feel that’s a make-or-break factor in any deal. During the session “What Physicians Should Know Before Selling to Private Equity” at the 22nd Annual Spine,…
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A number of legislative developments and new data points to a shift in private equity activity, especially in the area of physician practice acquisitions. Here are three recent updates on the changing regulatory and business landscape surrounding private equity in…
The Pennsylvania House of Representatives has passed legislation that would give the state’s attorney general more authority to review and potentially block healthcare mergers and acquisitions. The bill would also prohibit healthcare sale-leaseback arrangements by private equity firms and require…
A study published June 9 in the Journal of the American College of Cardiology evaluated 30-day outcomes for patients treated at hospitals acquired by private equity firms. Here are five key findings: 1. The study analyzed more than 35,000 heart…
Gov. Tina Kotek signed a bill enacting the strictest regulatory regime on private equity and corporate control of medical practices in the nation, Oregon Capital Chronicle reported June 9. The law provides a three-year window for facilities to comply with…
What led your physician group to consider a strategic partnership? “For our group, the challenges associated with skyrocketing costs, payor reimbursement, hospital competition, staff retention, and continuing to grow our business and operational footprint led us to consider strategic partnerships,” states…