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House approves oversight measure aimed at private-equity transactions in health care after extended debate
Summary
House Bill 14 60, authorizing enhanced review and monitoring of private-equity and for-profit transactions in health care facilities, passed the House after extensive floor debate, 121–82.
The Pennsylvania House on Tuesday approved House Bill 14 60, a measure intended to give the state Attorney General greater authority to review and monitor for-profit and private-equity transactions involving health care facilities. The final floor vote recorded was 121 yeas to 82 nays.
Representative Borowski, the bill’s sponsor from Delaware County, framed the measure as a corrective response to recent hospital closures and private-equity acquisitions that, supporters said, resulted in asset stripping and reduced services. “This is a first step toward addressing the issue of for profit and private equity transactions in health care…
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