Posted 9/11/2023, 9:00:00 AM
Congress Takes Aim at Private Equity's Debt Burden on Health Care
- Lawmakers are battling Wall Street private equity firms over debt pressures facing hospitals and nursing homes.
- Higher interest rates are chipping away at margins for private equity-owned health care businesses.
- Bipartisan efforts underway in Congress to force disclosure of more ownership and debt information.
- House Energy and Commerce Committee passed transparency bill, but left out of GOP draft health bill.
- Bankruptcies at private equity-owned businesses surging, especially in health care.
