Lawmakers Slam Private Equity ‘Octopus’ for Health-Care Strategy
- More transparency needed on ownership and financial data
- Industry’s investment in nursing homes becomes focus
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Private equity’s control of health-care companies requires greater scrutiny to better assess the impact on the industry, several U.S. lawmakers said Thursday.
Independent industry experts fielded questions from lawmakers at a House Ways and Means subcommittee hearing about private equity’s growing influence and recommended requiring health-care companies to disclose more financial and ownership data.