News and blog

Private Equity in Healthcare – PESP’s December 2023 Roundup

January 5, 2024

Each month, PESP’s Healthcare Team will be putting together a roundup of the latest news stories related to private equity in healthcare and highlights the work that our team has published in the last month.

In the news

New research published in JAMA shows that private equity acquisitions of hospitals were associated with an increase in adverse patient events

  • Specifically, researchers found that private equity acquisition was associated with a 25.4% increase in hospital-acquired conditions, including falls and bloodstream infections.
  • See coverage of the study in CNN, US News & World Report, and STAT News.

Senators launch bipartisan probe of private equity’s growing role in U.S. health care – NBC

Physicians say practice ownership by non-physician organizations worsened patients’ quality of carePhysicians Advocacy Institute (PAI)

  • PAI reports that “Almost 60% of physicians who practice as employees of hospitals and other corporate entities say that non-physician practice ownership results in a lower quality of patient care, according to a comprehensive survey by NORC at the University of Chicago.”

Steward Health Care to close Massachusetts hospital amid financial troubles – Healthcare Dive

Healthcare companies face a wave of defaults next year – Bloomberg

  • 12 of the 15 (80 percent) companies that Moody’s Investors Service has downgraded to the default category or is anticipating to do so in 2024 are private equity-owned: Air Methods, Elara Caring, Envision Health, LifeScan, Quorum Health, US Renal Care, Alvogen, Knight Health (dba Scion Health), OMERS Relief Acquisition (dba Gastro Health), Quantum Health, Thrive Pet Healthcare, and US Radiology Specialist.

Senators raise alarm about nation’s largest prison health care provider – CNN

Healthcare team’s latest blogs, reports, and media mentions 

Blog Posts:

Published op-ed

Media Mentions:

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