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In Their Own Words. . . .California Attorney General Rob Bonta

Posted  February 21, 2024

“At the California Department of Justice, we believe that the healthcare system should serve patients.  Yet, too often, private equity has served corporate profiteers by maximizing their profits at the expense of access, quality, and affordability of healthcare for Californians.” 

California Attorney General Rob Bonta’s statement concerning recent legislation (AB 3129) introduced in California addressing changes of control or acquisitions between PE groups or hedge funds and healthcare practices.  This blog recently addressed the trend of PE firms buying healthcare practices and implications for patients, staff, government enforcers, and whistleblowers. 

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