In the Headlines
September 30, 2024
California Governor Vetoes Bill Regulating Private Equity, Hedge Funds in Healthcare Deals
Pensions & Investments
Healthcare attorney John Saran was quoted in a Pensions & Investments article about California Gov. Gavin Newsom's veto of a bill that would have regulated certain private equity and hedge fund-backed healthcare deals. The article discussed the implications of this decision on healthcare consolidations and investments in California. Mr. Saran provided insights on the national attention this bill received and its potential impact on future regulatory efforts in other states.
"No other similar state healthcare law received this much attention nationally, which shows the gravity of the decision of Governor Newsom to veto the bill," he said. "While some of these efforts might reemerge in 2025, states might find less support in government and the industry to become an outlier with more complex regulatory schemes."
READ: California Governor Vetoes Bill Regulating Private Equity, Hedge Funds in Healthcare Deals (Subscription required)
"No other similar state healthcare law received this much attention nationally, which shows the gravity of the decision of Governor Newsom to veto the bill," he said. "While some of these efforts might reemerge in 2025, states might find less support in government and the industry to become an outlier with more complex regulatory schemes."
READ: California Governor Vetoes Bill Regulating Private Equity, Hedge Funds in Healthcare Deals (Subscription required)