Valerie Cohen, Chuck Morton, and Pat Dunbar co-authored “Rounding Out 2023: Health Care Enforcement Trends in Private Equity” in Westlaw Journal. The following is an excerpt:
Every action has an equal and opposite reaction. Private equity investment in healthcare companies peaked in 2021, and regulatory oversight and enforcement are hot on its heels. Even before this 2021 peak, perceptions of private equity firms' roles in response to information about allegedly improper activity by healthcare providers in portfolio companies have led to multi-million-dollar settlements with the U.S. Department of Justice (DOJ) and state attorneys general.
With even more enforcement activity on the horizon, private equity firms may want to invest early in their portfolio companies' compliance functions, as the U.S. Department of Health and Human Services Office of Inspector General (HHS-OIG) emphasized in its November 2023 General Compliance Program Guidance.
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