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As private equity extends its reach into health care, evidence is mounting that the penetration has led to higher prices and diminished quality of care, a Kaiser Health News investigation has found.
Two-year-old Zion Gastelum died just days after dentists performed root canals and put crowns on six baby teeth at a clinic affiliated with a private equity firm.
Private equity firms have shelled out almost $1 trillion to acquire nearly 8,000 health care businesses across the country - including Florida - in deals almost always hidden from federal regulators.
Two of the major private equity firms flipping health care companies have bought and resold businesses in Johnson County that handle home health, surgical products and regulatory compliance. Health care in rural Missouri has also taken a hit as private equity snapped up and, in some cases, closed hospitals — leaving residents with staggering bills and a longer journey to necessary care.