Senators Launch Bipartisan Investigation into Private Equity Firms' Impact on Healthcare Access and Quality
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Senators Whitehouse and Grassley launch bipartisan investigation into private equity firms' involvement in US healthcare, demanding information from executives.
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Investigation examines potential harms to patients and clinicians from private equity deals with hospital systems, focusing on Prospect Medical Holdings and Lifepoint Health.
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Private equity ownership of healthcare associated with higher costs, lower quality of care, staff and service reductions.
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Senators probe complex financial arrangements allowing firms to load debt onto hospitals and extract cash payments.
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Letters connect financial engineering to declining healthcare access and quality, citing need for "objective and independent review."