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November 21, 2024
PI Global Investments
Hedge Funds

Curbs for Private Equity Health-Care Deals Advance in California


Private equity firms and hedge funds would face greater scrutiny in buying California health-care facilities under a measure approved by a key legislative committee on Tuesday.

The bill (AB 3129) would give California’s attorney general the power to block certain deals deemed to have “anticompetitive effects” or significantly affect health-care access in a local community.

The Assembly Judiciary Committee approved the bill Tuesday, ensuring it remains alive ahead of a key Friday legislative deadline. The bill heads next to the Assembly Appropriations Committee.

The measure comes amid mounting scrutiny of private equity’s expansion into health care over the …



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