Private equity firm Welsh, Carson, Anderson & Stowe has agreed to a settlement with the Federal Trade Commission that will pare back its role in a portfolio anesthesia practice the regulator accused of anticompetitive behavior. The deal comes with no monetary penalties but requires the private equity firm to freeze its investments in Texas-based U.S. Anesthesia Partners (USAP) at current levels and reduce its board representation to a single, non-chair seat, according to the proposed consent order. Further, Welsh Carson will need to secure prior approval for any future investments in anesthesia, as will the anesthesia groups it majority owns, plus give the regulator a 30-day heads up for certain deals involving hospital-based physician practices nationwide.
Read the full article: FTC Secures 11th Hour Settlement from PE Firm Welsh Carson over Alleged Roll-Up Scheme //
Source: https://www.fiercehealthcare.com/regulatory/ftc-secures-11th-hour-settlement-pe-firm-welsh-carson-over-alleged-roll-scheme