Justice Department, FTC and DHHS launched joint initiative to investigate private equity takeover in healthcare

Justice Department, FTC and DHHS launched joint initiative to investigate private equity takeover in healthcare

The Justice Department’s Antitrust Division, Federal Trade Commission (FTC) and Department of Health and Human Services (HHS) jointly launched a cross-government public inquiry into private-equity and other corporations’ increasing control over health care.

Private equity firms and other corporate owners are increasingly involved in health care system transactions, and, at times, those transactions may lead to a maximizing of profits at the expense of quality care. The cross-government inquiry seeks to understand how certain health care market transactions may increase consolidation and generate profits for firms while threatening patients’ health, workers’ safety, quality of care and affordable health care for patients and taxpayers.

Read more: https://www.justice.gov/opa/pr/justice-department-federal-trade-commission-and-department-health-and-human-services-issue