The sky hasn’t fallen since they sold. I wonder if people have regret about selling and losing control of their practice.
Maybe, but at least they have their buyout money. I think the youngest guys who received money are just annoyed they have to find a new job. But they also have a cushion to work with.
Even though the other pp group is flourishing, I bet the older guys are still happy. They sold and timed it as close to their retirement as possible. It’s hard to blame them.
Really makes me think age of the partners is a huge driving factor.
If I had to find a new job I’d look for a pp group with middle age docs, limited stipend, docs integrated with leadership positions within the hospital, short track, transparency with the books, and a back end insurance clause (ie if I’m 1/2 years into track and group sells I get half).
Unicorn? I’m sure the older guys on the board will tell me to take a hike. But then again, why leave one bad situation only to find myself in another?
Hopefully the younger folks looking for jobs realize that you really can’t trust people and what they say unless it’s in a contract. Even then, if the other side has enormous resources, like the amc, they may not even respect the contract.
I want to emphasize that the point of my post is not to complain and say poor me, but rather to share the knowledge so the younger folks can take pieces from this scenario and others on sdn, put them together, and try their best to protect themselves or at least realize the risks when they look at different jobs.