On September 28, 2024, California governor Gavin Newsom vetoed AB 3129, a bill that, among other things, would have required private equity firms and hedge funds to provide 90 days’ prior written notice to, and for some transactions, obtain consent from, the state attorney general prior to proceeding with certain health care transactions.
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Private equity investments in health care to be subject to increased oversight from federal and state regulators, including antitrust officials
Federal and state governmental regulation of health care transactions continues to increase rapidly. At the federal level, there is increased focus on the role of private equity in health care and the perceived impact on access to care, quality of care and pricing. At the same time, a growing number of states have passed and continue to propose legislation that increases state oversight of health care transactions. As a result of this increase in regulatory scrutiny from federal and state regulators, parties interested in conducting health care transactions must consider various regulatory requirements and the factors regulators take into account when analyzing proposed health care transactions. Continue Reading Health Care Transactions Facing Increased Federal and State Regulatory Scrutiny