US Pharma MarketingNew Connecticut private equity law bans hospital sale-leasebacks
A newly enacted state law places an explicit, first-in-the-nation block on a hospital sale-leasebacks—a tactic critics and legislators describe as a key vehicle for private equity funds to extract The state law, replete with restrictions on private equity investors' role in hospital ownership and influence, is the nation's first with an explicit ban on a wealth extraction tactic associated with recent high-profile health system bankruptcies.
The state law, replete with restrictions on private equity investors' role in hospital ownership and influence, is the nation's first with an explicit ban on a wealth extraction tactic associated with recent high-profile health system bankruptcies.
Source: Fierce Healthcare