FTC lawsuit targets serial acquisitions by private equity

by moh_mayaon 9/21/2023, 5:45 PMwith 1 comments

by moh_mayaon 9/21/2023, 5:45 PM

Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://www.ft.com/tour. https://www.ft.com/content/cf24c968-3bf0-49f7-a63f-2c912dabc...

The defendants are Welsh Carson, a New York-based buyout group, and US Anesthesia Partners, a business it created in 2012 that has acquired more than a dozen anaesthesiology practices in Texas. The FTC alleged they carried out a “roll-up scheme, systematically buying up nearly every large anaesthesia practice in [the state] to create a single dominant provider with the power to demand higher prices”.