The California state senate has passed legislation to hinder healthcare acquisitions by private-equity firms and hedge funds, as states seek new powers to slow the corporate consolidation of medicine. The law, called Assembly Bill 3129, passed the senate by a vote of 49 to 14 just hours before the end of the state’s legislative session on Aug. 31. The lower chamber approved the bill in May. Now Gov. Gavin Newsom has until the end of September to sign it into law. Newsom, a Democrat, has not taken a stance on the proposal, and his office did not reply to a request for comment.
Read the full article: California Senate Passes Bill to Clamp Down on Private-Equity Healthcare Deals //
Source: https://www.wsj.com/articles/california-senate-passes-bill-to-clamp-down-on-private-equity-healthcare-deals-118a2134