April Frazier, left, and Milli Palmer sit together before speaking last month at a meeting of the Washington State Investment Board, in Olympia, Washington, about their experiences at Providence at Home with Compassus, a home health and hospice company. (Photo by Saiyare Refaei)
Across the country, joint ventures between private equity firms and healthcare nonprofits are growing increasingly popular. However many critics say investors and nonprofit care providers can be partners with fundamentally different missions.
As these joint ventures grow, they will test a wave of recent state laws that were designed to increase oversight of private equity in healthcare.
In Episode 38, you’ll hear from Anna Claire Vollers, a reporter at Stateline. She’s been covering how private equity is changing hospital operations to make a profit for shareholders at the expense of the patient.
You’ll also get a weekly news wrap-up from Evening Wrap newsletter writer, Danielle Gaines, with the latest on: ICE’s arrest tactics, drama in New Orleans and why an Alaskan state legislator chased a black bear.
Episode produced and edited by Mallory Cheng. Music for Stories From The States composed by David Singer.
Click here for the full transcript.
Relevant reading from States Newsroom outlets and partners:
- Private equity might dodge state laws by partnering with healthcare nonprofits (Stateline)
- ‘Shell game’: When private equity comes to town, hospitals can see cutbacks, closures (Stateline)
- New report cites ‘harmful effects’ of private equity firms buying nursing homes (Iowa Capital Dispatch)
- Senate advances bill to keep private equity out of the clinic (VT Digger)
- Bill enacting nation’s strictest limits on corporate health care influence signed by Gov. Kotek (Oregon Capital Chronicle)
Got questions? An episode idea? Email us at podcast@statesnewsroom.com
This podcast is produced by States Newsroom, a nonprofit news network which includes Florida Phoenix, and is supported by grants and a coalition of donors as a 501c(3) public charity.
