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,

The year-long inquiry into hospitals managed by Apollo Global Management and Leonard Green & Partners comes amid growing calls for increased oversight of private equity in healthcare.

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.

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.