Private equity-owned healthcare entities are putting “profits over patients,” leading to negative consequences for hospitals across the country, leaders of the Senate Budget Committee contended in a newly-released bipartisan report.

A U.S. Senate committee accused private-equity healthcare investors of choosing profits over patient care, adding a prominent voice to those claiming Wall Street is putting the medical system at risk.

Private equity's medical adventure has taken another detour to the ER, with the Senate Budget Committee releasing a bipartisan report that slams the industry's stewardship of hospital chains. Why it matters: This caps off a year in which federal politicians zeroed in on private equity ownership of health-care providers,

Ottumwa Regional Hospital is part of a critical look at how private equity impacts patients... and the picture from the Senate isn't flattering. One of the heads of this report, Senator Chuck Grassley spoke with K-Y-O-U's Randall Gimm about the Senate report called "Profits over Patients.