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PE not my friend by padrejorge
We had a nice practice of 30 OB docs. We had already utilized economy of scale to join together to help with insurance contracts and malpractice contracts. As members of a national OBGYN group we saw most large practices being bought by PE firms. We interviewed 4 and decided on 1 with 200 docs. The promise was income repair for the purchased income in 3 years.
The transaction happened on March 1st 2020. Covid was certainly an answer for a terrible first year but now entering year 3, salaries are still at 50%. The promised increase in payer contracts have not come to fruition and we are struggling.
This video while funny hits a little too close to home in my current situation.