Senate Launches Investigation into Private Equity Hospital Deals and Closures
• Senate committee launches investigation into private equity deals and their impact on healthcare, including recent hospital closures
• Senators probing deals involving Prospect Medical Holdings, Medical Properties Trust, and Leonard Green and Partners specifically
• Concerns over private equity saddling hospitals with debt, cutting services and staff while taking big payouts
• Hospital closures leave communities without nearby healthcare, while private equity executives profit
• State regulators taking action, investigating Prospect Medical's financial practices and introducing legislation to regulate hospital deals