California Gov. Gavin Newsom has vetoed a bill that would have given his state the ability to block private equity acquisitions of most healthcare facilities and service providers. This likely kills the idea on a national level, where it was proposed by Sen. Ed Markey (D-Mass.) in response to the Steward debacle. Newsom is a top surrogate for Kamala Harris, and there's no way that a Trump administration would take up this mantle. The vetoed legislation would have required the AG to give written consent at least 90 days before transactions valued at $25 million or more.
