Watchdog warns of risks to patients as private equity’s stake in US healthcare grows
New report details slew of ventures between private equity and nonprofits and calls for greater government oversight A watchdog group is calling for greater government
New report details slew of ventures between private equity and nonprofits and calls for greater government oversight A watchdog group is calling for greater government oversight of joint ventures between private equity firms and non-profit healthcare providers, arguing that the arrangements could present “risks” to “patients, payers and employees”.
In a new report, Private Equity Stakeholder Project (PESP), a vocal critic of the industry, detailed more than 500 joint ventures between private equity and nonprofit healthcare providers – ranging from rural hospitals to major religiously affiliated health systems to hospice care providers.
The group argued those risks could include extraction of profit and a decline in quality of care. Continue reading...
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