California’s AB 3129 Continues National Trend of Scrutinizing Private Equity Investments in the Health Care Industry

The California legislature is considering a bill that could severely impact the ability for private equity companies and hedge funds to operate in the California health care industry. AB 3129, introduced by Assembly Member Jim Wood, would (1) require prior notice and approval by the California Attorney General (“AG”) prior to a change of control or acquisition between certain health care entities and private equity groups or hedge funds and (2) limit the ability for private equity companies or hedge funds to exercise managerial authority over physician and psychiatric practices.

Read the full article: California’s AB 3129 Continues National Trend of Scrutinizing Private Equity Investments in the Health Care Industry //

Source: https://www.jdsupra.com/legalnews/california-s-ab-3129-continues-national-9193383/

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