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Bill to Ban Private Equity from Owning Medical Practices

509 points · 384 comments · paimapi

  1. rrrrrrrrrrrryan · · focus · HN ↗
    It's actually worse with veterinary practices.

    Younger veterinarians are drowning in school debt and can't buy the practices from the older folks that are retiring. So, private equity is basically snatching all of them up right now, betting that childless millennials are going to pay tons of money on veterinary care when their pandemic pups begin to reach end-of-life.

    They're going to cut wages for all the staff, and hike all the prices, because unlike with human medical care, there's hardly any regulation (yet).

    1. limagnolia · · focus · HN ↗
      What is so costly about a veterinary practice that new veterinarians can't just start their own? Why would they need to buy one? There is certainly some benefit to working for some one for a while, and maybe eventually buying out an established practice... but if they want too much for it, just start your own?
      1. selectodude · · focus · HN ↗
        Dogs use the same x-ray machines that people do.
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