A panel of PE representatives speaking at the HLTH 2022 conference argued that big-money investors are necessary to help scale promising companies and bring tighter rigor to those that need it.
But healthcare is no simple beast and, more so than other industries, can have severe stakes when organizations fall down on the job, Adaeze Enekwechi, operating partner at Welsh, Carson, Anderson & Stowe and formerly the head of health programs for the Obama administration’s Office of Management and Budget, said at HLTH, reports Fierce Healthcare.
While failures can and do occur among PE-backed or PE-owned companies, repeated cases of negligence or “Gordon Gekko-like” focus on stripping businesses for immediate profit are quickly brought to light and, if repeated, would spell the end of any firm of “solid reputation,” she said. Read more.
