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California’s Office of Health Care Affordability

California Governor Vetoes Bill Targeting Private Equity Investments in Health Care

[10/01/24]

Posted on October 1, 2024 in Health Law News, Private Equity

Published by: Hall Render

On September 28, 2024, California Governor Gavin Newsom vetoed California Assembly Bill 3129 (“AB 3129”), which targeted certain private equity (“PE”) and hedge fund investments in the health care industry. The California Legislature passed AB 3129 in August 2024. Its purpose is to increase regulatory scrutiny of certain investments involving health care facilities, providers... READ MORE

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