Non-public fairness companies have shelled out virtually $1 trillion to accumulate well being care companies in offers virtually at all times hidden from regulators. The end result: increased costs, lawsuits and complaints about care.
Kaiser Well being Information
Two-year-old Zion Gastelum died simply days after dentists carried out root canals and put crowns on six child enamel at a clinic affiliated with a personal fairness agency.
His dad and mom sued the Kool Smiles dental clinic in Yuma, Arizona, and its non-public fairness investor, FFL Companions. They argued the procedures had been carried out needlessly, in line with a company technique to maximise income by overtreating youngsters from lower-income households enrolled in Medicaid. Zion died after being identified with “mind injury attributable to an absence of oxygen,” based on the lawsuit.