PE's Healing Touch Faces Test In Hospital Buys

Law360, New York (February 8, 2012, 5:54 PM EST) -- Stubbornly inefficient and increasingly indispensable, health care systems are big game in today’s private equity scene as savvy investment firms hunt for turnaround opportunities. But deal makers have to run a murky gauntlet if they want to make the sector pay, private equity lawyers said.

Distressed buying opportunities in health care are expected to increase as the municipal bond market remains tight and cash-strapped hospitals start looking to other sources of liquidity, such as private equity firms. Possible cutbacks in Medicaid also could put the squeeze...
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