Health Care

States crack down on private equity’s role in hospital collapses

Proposals gaining traction this year target the increasingly sophisticated wringing of profit from the health care system. 
A “Save Our Hospital” sign is displayed outside the former Nashoba Valley Medical Center, which closed on Aug. 31, 2024 and was part of the bankrupt Steward Health Care company, Thursday, Sept. 19, 2024, in Ayer, Mass. (AP Photo/Charles Krupa)

Lawmakers in states across the country are redoubling efforts to restrict private equity investment in health care after a series of high-profile bankruptcies involving large hospital chains.

There are more than 50 active bills in nine states addressing the issue, according to an analysis conducted for the Private Equity Stakeholder Project, an advocacy group that tracks state legislation. 

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