Posted 9/21/2023, 3:19:54 PM
FTC Sues Private Equity Firm, Anesthesia Provider for Anticompetitive Scheme to Consolidate and Raise Prices in Texas
- FTC sues private equity firm and anesthesia provider for anticompetitive scheme to consolidate market and raise prices in Texas
- Companies executed roll-up strategy to systematically buy up nearly every large anesthesia practice in Texas
- Firms increased prices through price-setting agreements with remaining independents and deal to allocate markets
- Dominance enabled companies to raise anesthesia prices, costing Texans tens of millions more each year
- FTC alleges conduct amounts to unlawful monopolization, acquisitions, conspiracy, and restraint of trade in violation of antitrust laws
