PE Investment In NY Hospitals — The Pilot And Politics

Law360, New York (March 27, 2014, 1:45 PM EDT) -- Should private equity play a bigger role in New York state health care facilities? This is the question facing New York state legislators for the second year in a row.

Historically, investor-owned corporations have been essentially prohibited from owning and operating health care facilities in the state. Gov. Andrew Cuomo’s proposed 2014-2015 budget and associated legislation would authorize a two-year private equity pilot program.[1]

Under the governor’s proposal, up to five for-profit corporations, subject to approval by the Public Health and Health Planning Council, would be...
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