Bill rejected by Newsom would have let attorney general deny mergers after recent scandal involving Stewart Health
Hopes to rein in private equity investment in healthcare died in California last weekend, as a nationally watched bill was vetoed by the Democratic governor, Gavin Newsom.
The bill was the nation’s most high-profile legislative effort to regulate such investments in healthcare, and would have given the state attorney general discretion to deny mergers.
More Stories
Trump nominates Miami-Dade official as Panama ambassador amid canal row
Elon Musk pens German newspaper opinion piece supporting far-right AfD party
Beaches, beer and a rare suspended lake … why can’t Nigeria attract more tourists?