Gary W. Herschman, Health Care Mergers and Acquisitions attorney, in the firm’s Newark office, was quoted in Becker’s Spine Review, in “Private Equity's Growth in Orthopedics Leads to Cost, Quality Concerns,” by Carly Behm.
Following is an excerpt:
As private equity investment continues to branch out in the orthopedic industry, some are worried the trend comes at a cost to patient quality and spending, Kaiser Health News reported Jan. 6.
There are 15 private equity-backed management companies that own orthopedic practices, according to Gary Herschman, a lawyer who advises physicians in deals. Last year, at least 15 orthopedic practices were sold to private equity-owned platforms.
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