California lawmakers are debating whether to go where Congress won’t and pass legislation that would give the state the ability to block private equity acquisitions of health care facilities or providers. It’s the latest example of states trying to regulate deals valued at $1 trillion over the past decade that critics have linked to staffing shortages and poorer patient outcomes. The legislation builds on an existing state requirement that firms buying health care businesses notify the California attorney general before the transaction goes through.
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Source: https://www.axios.com/2024/08/22/california-private-equity-health-deals