One of the most significant tests of contemporary "rollup" enforcement was the FTC's lawsuit against U.S. Anesthesia Partners.
The government claimed that a major anesthetic supplier was able to increase costs and acquire bargaining power through years of acquisitions throughout Texas. In response, the defense claimed that the FTC misinterpreted how anesthesiology providers truly compete and framed the market too narrowly.
However, the case was settled prior to trial, leaving many of the most significant legal and economic issues unanswered.
This episode investigates the following:
* Consolidation of healthcare,
* Definition of the market,
* Rollups in private equity,
* The difficulty of bringing back competition after markets have already shifted.
Read the full article and graphic analysis:
