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Bill to Ban Private Equity from Owning Medical Practices

509 points · 384 comments · paimapi

  1. NegativeK · · focus · HN ↗
    Can someone steelman private equity, please? I'm honestly looking for the upsides (for non-investors) of when PE moves into an industry like medicine and begins buying up businesses that traditionally aren't already large chains.

    I already hear the downsides frequently from someone whose work is directly affected.

    1. twoodfin · · focus · HN ↗
      The upside is to the folks who sold the businesses they owned.

      Should they be outlawed from selling to certain classes of investor? Which?

      1. PyWoody · · focus · HN ↗

          Should they be outlawed from selling to certain classes of investor? Which?
        Yes. This is already the case for law firms as they have to be owned and managed by lawyers, in most jurisdictions.
        1. alex43578 · · focus · HN ↗
          That's easily circumvented with management service organizations. More broadly, it's a stupid idea, especially beyond a few areas like law. If you own a golf course, you shouldn't have to sell only to a golfer.
          1. cindyllm · · focus · HN ↗

            [dead]

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