DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Welsh Carson - 2 Lina Khan - 1 Stowe - 1 hoovering - 1 Anderson - 1 Anderson & Stowe - 1 ” - 1 Lina M - 1
Top related locs:
Texas New York Carson Washington Houston , Texas
Top related orgs:
Federal Trade Commission - 2 Anesthesia Partners - 2 FTC - 1 U.S - 1 Anderson & - 1

Search resuls for: "Welsh Carson"


2 mentions found


☆ FTC sues Texas anesthesiology provider to bust monopoly
  + stars: | 2023-09-21 | by ( Spencer Kimball | ) www.cnbc.com   time to read: +1 min
Federal Trade Commission (FTC) Chair Lina Khan testifies before a House Judiciary Committee hearing on "Oversight of the Federal Trade Commission," on Capitol Hill in Washington, July 13, 2023. The Federal Trade Commission on Thursday sued the largest anesthesiology provider in Texas, claiming the company has wielded monopoly power to drive up prices for patients and boost its profits. The FTC asked a federal judge in Houston, Texas, to break up U.S. Anesthesia Partners alleged monopoly power and permanently bar the company from engaging in anticompetitive practices. The agency claims that New York-based private equity firm Welsh, Carson and Stowe founded U.S. Anesthesia Partners in 2012 to pursue an aggressive consolidation strategy that exploited Texas' fragmented market for anesthesiology providers. The FTC complaint says that Welsh Carson sought to make USAP the dominant provider in Texas by hoovering up the numerous independent practices that previously competed against each other, keeping prices lower.
Persons: Lina Khan, Stowe, Welsh Carson, hoovering Organizations: Federal Trade Commission, FTC, Anesthesia Partners Locations: Washington, Texas, Houston , Texas, New York, Carson
☆ F.T.C. Sues Anesthesia Group Backed by Private-Equity Firm
  + stars: | 2023-09-21 | by ( Reed Abelson | Margot Sanger-Katz | More About Reed Abelson | ) www.nytimes.com   time to read: +1 min
The suit targeted a large doctors’ group that operates anesthesia practices in several states, claiming the group and the private equity firm advising and financing it were consolidating doctors’ groups in Texas so they could raise prices and increase their profits. The agency brought the civil lawsuit in federal court against U.S. Anesthesia Partners and Welsh, Carson, Anderson & Stowe, a private-equity firm in New York. “These tactics enabled USAP and Welsh Carson to raise prices for anesthesia services — raking in tens of millions of extra dollars for these executives at the expense of Texas patients and businesses,” said Lina M. Kahn, the chair of the F.T.C., in a statement. “The F.T.C. will continue to scrutinize and challenge serial acquisitions, roll-ups and other stealth consolidation schemes that unlawfully undermine fair competition and harm the American public.”
Persons: Anderson, Anderson & Stowe, Welsh Carson, ”, Lina M, Kahn Organizations: Federal Trade Commission, U.S, Anesthesia Partners, Anderson & Locations: Texas, Carson, New York
0 next >>
Total: 2