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Connecticut hearing probes private equity, seeks clearer review of health-care mergers
Summary
Lawmakers and regulators debated Governor Lamont—s HB 6873 to expand state review of health-care transactions, with the attorney general and Office of Health Strategy urging more authority and resources while doctors and private practices warned the bill could hamper independent providers.
NEW HAVEN — Connecticut regulators and clinicians on Monday clashed over a bill aimed at giving the state a broader look at mergers and acquisitions in the health-care sector, as attorneys and public-health officials urged lawmakers to expand review authority and doctors warned of unintended consequences for independent practices.
The Office of the Attorney General and the Office of Health Strategy supported Governor Ned Lamont—s HB 6873, saying the measure would strengthen a 2014 notice-of-material-change law and give the state new tools to spot consolidation and private-equity activity that can affect access, cost and quality. "This bill, if passed, will update and strengthen a statute this legislature wisely enacted in 2014," Nicole Demers, chief of the antitrust section at the Connecticut attorney general—s office, told members of the Public Health Committee.
Why it matters: State regulators asserted the federal Hart-Scott-Rodino (HSR) threshold leaves many transactions invisible because serial smaller deals can escape review. The bill would lengthen the notice period from 30 to 60 days, add a $10 million assets/revenue threshold and explicitly flag…
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