Calls for Legislative Action in Virginia Regarding Private Equity in Healthcare
1 report, 1 independent
Updated Oct 6
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What happened
Concerns are growing regarding the expansion of private equity into healthcare, specifically concerning the operations of companies like SCP Health and Onex in Virginia. SCP Health, which is owned by Onex, has taken over emergency care from Valley Health, a community nonprofit hospital. Critics note that under this transition, physician staffing hours are reportedly being reduced.
From nvdaily.com
Why it matters
The situation highlights the pressure on Virginia's corporate practice of medicine laws due to private equity acquisitions. The article calls on legislators to strengthen these laws to address concerns about the negative impacts of such corporate practices on healthcare provision.
From nvdaily.com