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Healthcare Facilities Governor Vetoes Investment

Proskauer - Health Care Law Brief

California Governor Vetoes Transaction Review Law, But Bill’s Rapid Advancement Underscores a Shifting Regulatory Landscape

California Assembly Bill 3129 (“AB3129”), which targeted for regulatory review a variety of health care transactions involving “private equity groups” and “hedge funds,” was vetoed by Governor Gavin Newsom on September 28,...more

DLA Piper

California Governor Vetoes Further Legislative Efforts to Restrict Healthcare Investments and Management Relationships

DLA Piper on

On September 28, 2024, California Governor Gavin Newsom vetoed AB 3129, which would have required qualifying private equity groups, hedge funds, and any associated portfolio companies to notify and obtain written consent from...more

Alston & Bird

One Step Back and One Step Forward for Health Care Deals in California

Alston & Bird on

Private equity groups looking to invest in California’s health care industry breathed a sigh of relief when the governor vetoed California’s AB 3129. Our Health Care Group explains why health care transactions in the state...more

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