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New York mayor-elect Zohran Mamdani’s choice of former FTC chair Lina Khan for his transition team is being read as a warning to private equity firms accused of rolling up local providers, raising prices, and degrading care and housing. Experts say Khan’s record of scrutinizing healthcare and real estate consolidation made firms more cautious, even when lawsuits fell short. While city power is limited, advisers note New York can force more disclosure, avoid private equity contracts, and bolster its public hospitals—moves that align with Mamdani’s rent-focused campaign.

Prepared by Christopher Adams and reviewed by editorial team.