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Bill to Ban Private Equity from Owning Medical Practices

509 points · 384 comments · paimapi

  1. Nifty3929 · · 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. mahboi · · 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?
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