HHS targets private equity, pushes for more SNF ownership transparency in new report

HHS targets private equity, pushes for more SNF ownership transparency in new report 
McKnights Long-Term Care News; by Zee Johnson; 1/16/25 
A new federal report is calling for greater transparency in long-term care ownership, citing “growing consolidation in the healthcare sector and the lack of meaningful competition” as main drivers in decreased patient care quality and caregiver well-being. The Department of Health and Human Services released its report Wednesday. “HHS Consolidation in Health Care Markets RFI Response” was created in consultation with the Department of Justice and the Federal Trade Commission. Report authors examined a broad range of settings and deals in the healthcare sector, ultimately identifying two major trends: increasing consolidation in certain healthcare markets and a recent influx of private equity and other private investors. Some providers support the push for more ownership transparency, saying private equity acquisitions of previously nonprofit-owned healthcare providers is a symptom of a broken system.