The California Senate gave final approval to a bill that would expand state regulators’ authority to review health care transactions, the latest move in a national push to scrutinize private equity investment in the industry.
If Gov. Gavin Newsom (D) signs it, the legislation would add private equity groups and hedge funds to the list of health care entities subject to merger reviews by the state Office of Health Care Affordability. The state agency was created in 2022 to control health care costs and monitor marketplace consolidation.
Already a subscriber? Sign in