Recognizing that costs were a problem across the private equity sector, EH reached out to other PE firms to build intellectual capital and purchasing clout. It is our belief that it's the innovativeness of the private sector that holds the key to solving one of the biggest challenges of our time.
Equity Healthcare has grown rapidly and currently has close to 300,000 members, making it one of the largest private sector purchasers of healthcare services in the US. Currently, 6 private equity firms and 34 portfolio companies participate, with annual health expenditures exceeding $1.5B. With the recent return to growth in the US economy and strengthening of the private equity sector, Equity Healthcare is poised for substantial growth in the future.
“Equity Healthcare is one of Blackstone’s most important
initiatives. Through it, we can show that the private sector is playing a major role in developing market-based solutions to both improving the quality of health care
and containing its costs.”
--Stephen A Schwarzman, CEO of the Blackstone Group