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This proposed bill in California could have a big impact on digital health

June 20, 2024
Second Opinion Media
Summary
A proposed bill in California, AB 3129, could significantly impact the digital health sector, particularly for companies backed by private equity and venture capital. The legislation seeks to introduce a new review process by the Attorney General for transactions involving PE, hedge funds, and health facilities. Additionally, it aims to alter the investor relationship with medical practices by challenging the "captive PC" or "friendly PC" model, a long-standing structure that allows non-doctors to indirectly own medical practices via management companies. If passed, this bill could dismantle this model in California, affecting digital health investments and operations there, with potential implications for other states as well.
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