On February 16, 2024, Assemblymember Jim Wood introduced Assembly Bill (AB) 3129, which targets healthcare consolidation involving private equity groups and hedge funds. The bill, if enacted, would require private equity groups and hedge funds to receive consent from the attorney general prior to acquiring or affiliating with healthcare facilities or provider groups. The bill would also prohibit private equity groups or hedge funds from entering into certain management services arrangements with...By: McDermott Will & Emery.