Sen. Gary Peters said he was concerned that emergency medicine staffing companies “may be engaging in cost-saving measures at the expense of patient safety and care.”
A Senate committee has asked three major private-equity firms for information on how they run or staff hospital emergency departments to see if private equity’s management of a large share of the nation’s ERs has harmed patients.
Led by its chairman, Sen. Gary Peters, D.-Mich., the inquiry by the Homeland Security and Governmental Affairs Committee centers on three of the nation’s largest private-equity firms: Apollo Global Management, the Blackstone Group and KKR. According to the information requests, Peters’ staff conducted interviews with over 40 emergency department physicians who expressed “significant concerns” about patient safety and care resulting from the aggressive practices of private-equity firms in the arena. Those practices include improper billing, retaliation and anti-competitive activities, the committee’s letters to the companies said.
Private equity investment in any industry destroys whatever was positive about the industry.
High quality products? Now they are brands slapped on cheap imported shit until people catch on.
Obviously the same short term profit motives will result in cutting patient care in the medical field for ahort term profits.
Fuck private equity firms.