Payers and providers in California will be limited to annual price increases of 3% starting in 2029 under a new rule state regulators approved Wednesday in the latest attempt to corral the ever-increasing costs of medical care.
PE-backed firms accounted for at least 17, or about a fifth, of the 80 bankruptcies of health-care companies last year, the Private Equity Stakeholder Project said.
The Thomasville Regional Medical Center faces foreclosure and could be sold at auction on May 9, unless a deal to transfer it to new owners goes through, according to court filings and Thomasville Mayor Sheldon Day.
Medical Properties Trust Inc. sold a 75% interest in five Utah hospitals to an unnamed investment fund for $886 million. MPT retains a 25% interest in the venture.