A federal judge in Texas, Judge Hoyt, has dismissed the Federal Trade Commission's (FTC) antitrust lawsuit against private equity firm Welsh Carson Anderson & Stowe (WCAS). The lawsuit, which was part of a significant effort by the Biden administration, alleged that WCAS and its portfolio company, U.S. Anesthesia Partners (USAP), were suppressing competition and driving up prices of anesthesiology services in Texas through serial acquisitions. While the judge dismissed WCAS as a defendant, the case will proceed against USAP, allowing the FTC to pursue its claims against the company.
Hmm: Private equity escapes major antitrust lawsuit https://t.co/GqT3sfJrec https://t.co/lDpGfgGFQe
Private equity firm Welsh Carson dodged FTC’s antitrust case over U.S. Anesthesia Partners’ serial acquisitions of practices in Texas. The court, however, ruled that the claims against U.S. Anesthesia Partners can advance https://t.co/wOM5NNojVl https://t.co/eqaC5WlNXf
Private Equity at last gets sexy back https://t.co/NEbbWifPMB
A federal district court judge in Texas dismissed a FTC lawsuit against PE firm Welsh Carson Anderson & Stowe for its role in a merger of regional anesthesiology practices.
Private equity escapes major antitrust lawsuit over anesthesia services. https://t.co/6Ue13JlDOy
PE firm Welsh Carson dodges FTC case over U.S. Anesthesia Partners acquisitions https://t.co/DPyqCiAvFs https://t.co/5Cj9c9UoOv
The FTC can pursue its claims that U.S. Anesthesia Partners' serial acquisitions of practices in Texas violated antitrust law, a federal judge has ruled, but private equity firm Welsh Carson won dismissal from the case https://t.co/kXpXjduP7u @MikeScarcella https://t.co/qXXWlDti0y
The FTC last year sued both WCAS (PE firm) and USAP (portfolio company) for suppressing competition and driving up prices of anesthesiology services in Texas. Judge Hoyt just dismissed WCAS as a defendant, but allowed the case to proceed against USAP. https://t.co/z5hu5DdhM2
The Biden administration took a big swing against private equity. And it missed. A federal judge in Texas dismissed what could have been a landmark antitrust lawsuit against Welsh Carson Anderson & Stowe. https://t.co/6FkcWD8cuw