In the Headlines
September 13, 2024

California Ratchets Up Pressure on PE Healthcare Mergers

Private Funds CFO

Healthcare attorney John Saran was quoted in a Private Funds CFO article discussing the potential impacts of a new California bill requiring private fund managers to seek approval from the state attorney general for healthcare acquisitions. Mr. Saran shared insights on how the industry has previously adjusted to comparable regulations, stressing that despite facing an increase in rules and guidance, the sector is well-equipped to adapt and move forward successfully. He also discussed the potential for this legislation to set a precedent for other states and how fund managers can still successfully close deals by demonstrating how they will improve quality of care, reduce costs and increase access.

"There’s going to be more regulations and guidance, but we will get through it. I wouldn’t call for a full stop on investments in California," he said. 

READ: California Ratchets Up Pressure on PE Healthcare Mergers (Subscription required)

Holland & Knight's HK Navigatorsummarizes the scope and applicability of requiring pre-closing notice and/or approval of certain healthcare transactions. Consult this tool to stay updated on evolving regulations

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