The FTC’s Focus on Private Equity is Warranted

The FTC’s focus on private equity in healthcare is warranted, as we have argued in these remarks, because PE firms make profit maximization over a period of just a few years their top priority, sacrificing current spending on clinical staff, closing ob-gyn units or other less profitable services, and delaying investments in infrastructure whose payoff down the road cannot be captured by the current PE owners. The use of high levels of debt and multi-layered financial structures, partnerships w