Partnering with Private Equity: New Boss same as the Old Boss...

[drusso]

Work for Wolves of Wall Street or Work for Fat/40/RN-MBA Nurse Admin?

Medical practices that once eagerly welcomed private equity are finding, thanks to COVID, that grass isn’t always greener | ROI-NJ

There was a minor detail glossed over in the eagerness of medical practices to be acquired by private equity groups, said local health care attorney Daniel Frier. It wasn’t exactly in the fine print, but it may as well have been: When health care organizations are bleeding money, they’re just...

www.roi-nj.com

The pandemic and the resulting precariousness for small medical practices has many close to collapse. Because of that, distressed organizations see getting underneath the umbrella of a private equity group as their only option. “You see these smaller practices that have been significantly hurt, thinking if they were with a private equity group, they’d be better off,” Frier said. “Actually, that’s just a fallacy.”

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[AdminPatient]

Work for Wolves of Wall Street or Work for Fat/40/RN-MBA Nurse Admin?

Medical practices that once eagerly welcomed private equity are finding, thanks to COVID, that grass isn’t always greener | ROI-NJ

There was a minor detail glossed over in the eagerness of medical practices to be acquired by private equity groups, said local health care attorney Daniel Frier. It wasn’t exactly in the fine print, but it may as well have been: When health care organizations are bleeding money, they’re just...

www.roi-nj.com

The pandemic and the resulting precariousness for small medical practices has many close to collapse. Because of that, distressed organizations see getting underneath the umbrella of a private equity group as their only option. “You see these smaller practices that have been significantly hurt, thinking if they were with a private equity group, they’d be better off,” Frier said. “Actually, that’s just a fallacy.”

longish article and tangential to your post but this is an interesting read. In my market, these private equity backed medical groups have been the least forgiving to their physicians during Covid.

How Private Equity Is Ruining American Health Care

Investors have been buying up doctor’s offices, cutting costs, and, critics say, putting pressure on physicians in ways that hurt patients. The pandemic could make things even worse.

www.bloomberg.com