(Credit: Getty Images/iStockphoto) Antitrust Cops Sound Alarm Over Private Equity's Buying Binge in Health Care
"In the aggregate, these roll-up plays can eliminate meaningful competition and allow new owners to jack up prices, degrade quality and neutralize rivals without a competitive check," FTC Chair Lina Khan said.
March 06, 2024 at 08:01 AM
5 minute read
What You Need to Know
- PE firms have spent more than $1 trillion on health care acquisitions over the past decade.
- In many markets, that's allowed a single PE firm to build a large market share in some specialties.
- PE firms say that by building scale and improving business practices, they reduce waste and free up capital to improve patient care.
Three federal agencies, including the Biden administration's two most zealous antitrust regulators, all but declared war Tuesday on private equity firms' growing ownership and control of health care.
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