FTC Targets Private Equity-Backed Healthcare Firms Over Anticompetitive Acquisitions
On September 21, 2023, the Federal Trade Commission (FTC) has officially announced an action against U.S. Anesthesia Partners, Inc. (USAP) and the private equity group Welsh, Carson, Anderson & Stowe (WCAS). The allegation is primarily focused on a series of relatively discreet acquisitions of anesthesia practices, which, in the FTC’s view, has allowed the defendants…