Healthcare Clinics Owned by Private Equity Groups Accused of Putting Profits Ahead of Patients
Private equity firms are becoming more involved in the business of healthcare, with $206 billion spent on more than 1,400 healthcare purchases in 2021, according to the Kaiser Health Network (KHN). Dental service organizations in addition to eye clinics, private physician offices, and hospices, to name a few, are popular investments for private equity firms. While this may boost the profitability of the practice, what is the cost? An investigation by the KHN found that the results are often an increase in costs and a decrease in quality of care. To date, more than 34 lawsuits against private equity-owned healthcare facilities have been settled. Click here to read more.