Private equity firms

Senator Elizabeth Warren has introduced legislation that would prohibit private equity firms from owning medical practices. The bill targets concerns that investor ownership drives up healthcare costs, cuts staffing, and prioritizes profits over patient care. Supporters see it as a push to keep medicine in the hands of clinicians, while critics are expected to argue it limits capital investment in healthcare practices.

Singapore's state-owned investor Temasek Holdings has bought a 9% stake in the management company of FSI, an Italian private equity firm. The deal marks a further step in Temasek's expansion into European asset management. Business observers are watching what the Singaporean capital presence could mean for FSI's investment strategy and Italy's private equity market.

A federal bill has been proposed that would ban the corporate practice of medicine across the United States. If enacted, the legislation would restrict corporations from owning or employing physicians, a model that has expanded rapidly through private equity investment in healthcare. Law firms and healthcare industry observers are examining the proposal's potential effects on hospital ownership, staffing companies and patient care.

HGGC is a private equity firm based in Palo Alto, California, that invests in middle-market companies, with a particular focus on technology and services businesses. The firm pursues buyouts and growth investments in mid-sized companies across these sectors, positioning itself as an active investor in the middle-market technology and services space.

Private equity firm The Riverside Company has signed a definitive agreement to invest in Converge International, a provider of workplace mental health and wellbeing services. The deal, announced via a press release, signals continued investor interest in the corporate mental health sector, which has grown as employers expand support programmes for employee wellbeing.