UMC, Culinary Health warn of private equity’s ‘endless pursuit of profits over patients’

NV Current   ·   Link to Article

Culinary Health Fund President Jesus Vidueira shared with lawmakers a similar experience with Desert Radiology and Rad Partners. He said that after the acquisition Culinary members began reporting they were “treated as a third-class citizen” and having trouble accessing the care they needed.

Culinary Health eventually opted to open their network to other providers after Desert Radiology demanded significantly higher rates

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Culinary Health identified US Anesthesiology Partners as another private equity-backed company with a presence in Nevada. They noted the company has been the subject of controversy and debate nationally, with U.S. Sens. Elizabeth Warren, D-Massachusetts, and Richard Blumenthal, D-Connecticut, last fall calling for an investigation into the company’s alleged anti-competitive practices.

“Clearly private equity has a hold on Nevada,” added Vidueira.

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