Bankruptcies at private equity-owned businesses are on track to reach decade highs — with losses in health care leading the pack.
, said in an interview. “We’re talking about life and death situations.”Cathy McMorris Rodgers
The Centers for Medicare & Medicaid Services is working on rules to examine Wall Street’s ownership of nursing facilities. And the Securities and Exchange Commission, under hard-charging Chair Gary Gensler, last month finalized the most sweeping investment-transparency rule ever for the industry, forcing firms to give investors more clarity on how their companies perform — as well the fees they charge to boost their own balance sheets.
Lawmakers on Energy and Commerce had been angling to include their private equity provisions into health care transparency legislation, in coordination with two other committees, that House leadership has identified as a key priority.
“If Congress or [Health and Human Services] or CMS wants more data, they should ask for data across the board — whether it’s an LLC, whether it’s a nonprofit or a limited partnership,” Maloney said. “It shouldn’t single out just a small segment of ownership structures.” About two-thirds of the $1.4 trillion leveraged loan market — which is composed of riskier debt — wasn’t hedged to protect against possible losses from higher rates, Oaktree Capital Management’s Armen Panossian and Danielle Poli wrote
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