Private Equity Is Under a Congressional Probe Over Hospital Failures
- Whitehouse, Grassley query Leonard Green and Apollo Global
- Lawmakers cite ‘increasing concern’ over PE role in health
Sheldon Whitehouse
Photographer: Eric Lee/BloombergThis article is for subscribers only.
Private equity’s stewardship of hospitals is again coming under scrutiny with the launch of a new bipartisan Senate investigation.
Sheldon Whitehouse, the Rhode Island Democrat who chairs the Senate Budget Committee, and Chuck Grassley, an Iowa Republican and its ranking member, contacted executives at firms including Leonard Green & Partners and Apollo Global Management, saying they’re seeking answers on “questionable financial transactions that may have impacted quality of care for patients in hospitals under private equity ownership,” according to a Thursday statement.