Massachusetts' Healthcare Private-Equity Bill Heads to Governor's Desk

Healthcare attorney John Saran was quoted in a WSJ Pro Bankruptcy article about a proposed Massachusetts law that would mandate new financial disclosures from private equity healthcare investors. This legislation, aimed at increasing transparency, comes as state lawmakers address Wall Street's expanding influence in the medical sector.

Mr. Saran noted that, if enacted, the bill would considerably increase the information requirements for private equity healthcare deals in the state, potentially extending the review process. In addition, private equity owners could find themselves called on to testify at state hearings or subject to the False Claims Act if they fail to address violations. He also explained that since California Gov. Gavin Newsom vetoed a measure requiring attorney general approval of transactions and the challenges of passing similar bills have become apparent, state lawmakers have pared down proposed legislation, including in Massachusetts.

READ: Massachusetts' Healthcare Private-Equity Bill Heads to Governor's Desk (Subscription required)