private equity firms

Senator Elizabeth Warren has introduced legislation that would prohibit private equity firms from owning medical practices. The bill aims to curb Wall Street ownership of doctor's offices and clinics, a trend critics say drives up costs and reduces patient care quality. The proposal is drawing attention in debates over healthcare consolidation and corporate influence in medicine.

A federal bill has been proposed that would ban the corporate practice of medicine across the United States. If enacted, the legislation would restrict corporations from owning or employing physicians, a model that has expanded rapidly through private equity investment in healthcare. Law firms and healthcare industry observers are examining the proposal's potential effects on hospital ownership, staffing companies and patient care.

SpaceX President and COO Gwynne Shotwell has filed an intention with the US Securities and Exchange Commission to sell roughly $52 million worth of her executive equity in the company. The filing signals a planned divestment of a portion of her long-held stake in Elon Musk's privately held space firm. Such filings by senior executives typically draw attention as indicators of insider sentiment about a company's valuation.

HGGC, a private equity firm based in Palo Alto, is investing in middle-market technology and services companies. The firm has drawn attention as a mid-market investor focused on technology and business services sectors, positioning itself as a key player in deals that fall below the radar of the largest buyout houses.