Watchdog report finds over 500 private equity joint ventures with non-profit healthcare providers, urges oversight
By
Jessica Glenza
Summary
A watchdog group, the Private Equity Stakeholder Project (PESP), has released a new report detailing over 500 joint ventures between private equity firms and non-profit healthcare providers across the US, including rural hospitals, religiously affiliated health systems, and hospice care providers. The report argues these arrangements pose risks to patients, payers, and employees, including potential extraction of profit and degradation of care quality. PESP is calling for greater government oversight of these partnerships, warning that private equity's growing stake in US healthcare could prioritize financial returns over patient well-being.
Source
bskyWatchdog report finds over 500 private equity joint ventures with non-profit healthcare providers, urges oversighttheguardian.comKey quotes
· 3 pulledThe arrangements could present 'risks' to 'patients, payers and employees'.
The group argued those risks could include extraction of profit and a degradation of care quality.
Private equity's growing stake in US healthcare could prioritize financial returns over patient well-being.
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