Thread

1. Nifty3929 · 1789965278 · focus · HN ↗

   Remember that when private equity buys out a business, there is at least one major winner in that moment: the current owners who have been building up that business over years.

   One foreseeable consequence of this bill is that it reduces the ultimate value of starting and building your own practice, leading to more consolidation among existing large operators. As this is foreseeable, I also imagine that it's an unstated goal.

   1. basch · 1789966130 · focus · HN ↗

      a business can be sold to a younger generation.

      1. [deleted] · 1789968212 · focus · HN ↗

         [deleted]

   2. zephyrthenoble · 1789966190 · focus · HN ↗

      I ask this honestly, do you work in private equity?

      I ask because, no one else would believe that private equity is anything other than a middle man to the exact outcome you are describing, with the detour of cutting jobs and benefits from the remaining employees while simultaneously trying to buy the company for we cheaply as possible from the owner, and selling it at as a price as possible. PE steals value from both ends.

   3. mahboi · 1789968719 · focus · HN ↗

      Yeah I saw this and thought, this is oddly specific, is there some publicly-traded company trying to buy up medical care for cheap?

Unofficial Hacker News client; not affiliated with Y Combinator.