The Federal Trade Commission sued U.S. Anesthesia Partners, the largest anesthesiology provider in Texas, claiming it has established an illegal monopoly through aggressive acquisitions of other anesthesia practices. The FTC alleges that USAP, founded by private equity firm Welsh Carson in 2012, exploited Texas' fragmented market for anesthesiology to buy up independent practices rapidly. The FTC argues that USAP has used its monopoly power in key regions to significantly raise prices for anesthesia services. USAP denies the allegations, arguing the FTC lacks medical understanding of the anesthesia field and that its actions ensure patients' access to quality care.
Category
🗞
NewsTranscript
00:00 It's Benzinga and here's what's on the block.
00:02 The Federal Trade Commission sued U.S. Anesthesia Partners, the largest anesthesiology provider
00:07 in Texas, claiming it's established an illegal monopoly through aggressive acquisitions of
00:11 other anesthesia practices.
00:13 The FTC alleges that USAP, founded by private equity firm Welsh Carson in 2012, exploited
00:18 Texas' fragmented market for anesthesiology to rapidly buy up independent practices.
00:23 The FTC argues that USAP has used its monopoly power in key regions to significantly raise
00:28 prices for anesthesia services.
00:30 USAP denies the allegations, arguing the FTC lacks medical understanding of the anesthesia
00:34 field and that its actions ensure patients' access to quality care.
00:38 For all things money, visit Benzinga.com.
00:40 [BLANK_AUDIO]