A private equity–owned emergency room staffing firm cofounded by a wealthy Republican congressman has been openly hailing a coming “oversupply” of doctors, promising prospective investors that a surplus of emergency physicians — soon projected to reach nearly ten thousand — will drive doctors’ wages low enough to offset the haircut that health care reforms have imposed upon its profit margins.

The physician glut was highlighted in a recent pitch deck prepared by the cash-strapped Nashville ER staffing firm American Physician Partners (APP). The company, which operates ERs in 155 hospitals, has been trying — and failing — for months to raise $580 million to pay off creditors, including Representative Mark Green (R-TN), who holds somewhere between $5 million and $25 million of the company’s debt.

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