Tag

Healthcare Consolidation

All articles tagged with #healthcare consolidation

business2 years ago•4 min saved

FTC Takes Legal Action Against Private-Equity Backed Anesthesia Group for Monopoly Practices

The Federal Trade Commission (FTC) has filed an antitrust lawsuit against U.S. Anesthesia Partners, a doctors' group backed by private equity firm Welsh, Carson, Anderson & Stowe, alleging that they engaged in consolidating doctors' groups in Texas to raise prices and increase profits. The suit targets a growing practice in the healthcare industry where private equity firms support companies in acquiring medical practices, allowing them to dominate local markets. The FTC considers this type of healthcare merger an enforcement priority and has stated that it will challenge consolidation schemes that undermine fair competition. Private equity firms argue that their businesses do not violate federal antitrust law.

via The New York Times|

#anesthesia-group #antitrust #business

healthcare2 years ago•6 min saved

"The Outrageous Cost of Healthcare: Unveiling the Impact of Hospital Mergers"

Hospital mergers and consolidation in the healthcare industry have led to decreased patient choice, hindered innovation, eroded quality, and raised prices. The Biden administration has taken steps to address this issue by ordering the Federal Trade Commission (FTC) to be more aggressive in reviewing and potentially blocking hospital mergers. However, the FTC faces challenges in proving the anticompetitive effects of these mergers and lacks the resources to effectively address the problem. State legislatures have also passed laws to shield hospitals from antitrust action, further hindering efforts to curb consolidation. Some economists suggest that price regulation may be necessary to restore competition in the healthcare market.

via The New York Times|

#antitrust-regulations #healthcare #healthcare-consolidation

healthcare2 years ago•3 min saved

BJC HealthCare and St. Luke's to Merge in Missouri-based Health System

BJC HealthCare and St. Luke's Health System have announced plans to merge, with both systems keeping their own names and operating from dual headquarters. The combined health systems will have an even stronger financial foundation, according to BJC's CEO. The deal is expected to close by the end of the year, pending regulatory approval. The merger follows the trend of consolidation in the healthcare industry, as hospitals and insurers alike grow larger to gain advantage in negotiations.

via St. Louis Post-Dispatch|

#bjc-healthcare #financial-foundation #healthcare

healthcare2 years ago•3 min saved

Kaiser Permanente and Geisinger to Merge in Health System Deal.

Kaiser Permanente plans to acquire Geisinger Health to create a new nonprofit group, Risant Health, that will operate independently and focus on developing nonprofit community health systems. The deal is subject to regulatory review. Kaiser hopes to invest $5 billion in Risant over the next five years and add five or six health systems to the group. The move is a response to the increasing consolidation of the healthcare industry by large for-profit companies. The new venture aims to invest in technology and preventive care to keep patients healthy and reduce the need for expensive specialty and hospital care.

via The New York Times|

#geisinger-health #healthcare #healthcare-consolidation