US Anesthesia Partners (USAP)
PE-OwnedWelsh Carson Anderson & Stowe created US Anesthesia Partners as a roll-up of anesthesiology practices across 9 states. The FTC sued USAP and Welsh Carson in 2023, alleging the roll-up illegally consolidated the anesthesiology market in Texas, enabling supracompetitive pricing — a landmark case against PE healthcare roll-ups.
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Ownership Information
US Anesthesia Partners (USAP) is owned by Welsh Carson Anderson & Stowe. Private equity ownership often leads to cost-cutting, price increases, and reduced quality of service as firms prioritize returns for investors over customers and employees.Learn more about PE ownership impact →
Timeline
2012
US Anesthesia Partners (USAP) founded
2012
Acquired by Welsh Carson Anderson & Stowe
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