A few months after a private-equity-owned firm took over one Nevada hospital's anesthesia services, “it became obvious they were understaffing,” the hospital's chief executive says.
, the highest percentage of deals involving a single specialty. Emergency medicine practices accounted for 12% of the takeovers.
One outcome of market power is rising prices, and new research finds that private-equity takeovers of anesthesiology practices have resulted in higher patient costs. A study published by the Journal of the American Medical Association Internal Medicine in February 2022 analyzed more than 2 million anesthesia claims from 2012 through 2017.that patient costs rose by 26% after anesthesiology practices were taken over by private equity firms.
American Securities currently owns 28 companies, among them Conair, a maker of appliance and personal care products; Bluebird, a school bus manufacturer; and Learning Care Group, the nation’s second-largest provider of early childhood care and education services. At the same time, Graf said, many anesthesiologists were telling the hospital system they intended to resign from NAPA over its compensation practices, management style and overall lack of support staff. Because their contracts had restrictive noncompete clauses barring them from practicing for other companies in the area, they would have to move to another region when they quit, Graf said.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nevada Senate race tests potency of abortion focus for DemsLAS VEGAS (AP) — Democrats predicted abortion would be Sen. Catherine Cortez Masto’s saving grace. But inside Nevada's crowded union halls, across its sun-scorched desert towns and on the buzzing Las Vegas strip, there are signs that outrage over the Supreme Court’s decision to dismantle abortion rights may not be enough to overcome intensifying economic concerns.
Read more »
Nevada Senate race tests potency of abortion focus for DemsDemocrats predicted abortion would be Sen. Catherine Cortez Masto’s saving grace
Read more »
What polls say about Joe Lombardo, Adam Laxalt ahead of Nevada Trump rallyRecent polls show that the Republican challengers in Nevada have slight advantages over the Democratic incumbents in the U.S. senate and governor's race.
Read more »
Key moments from Donald Trump's Nevada rallyThe former president rallied in Minden near Lake Tahoe to shore up support for Nevada Republicans.
Read more »
Trump airs video of Biden slip-ups at Nevada rallyFormer President Donald Trump may be testing the waters for 2024 campaign ads with a video compilation of President Joe Biden stumbling over his words. He took a moment during his rally in Nevada on Saturday to share with the audience a short video, which included music, showing a series of Biden…
Read more »