A perspective against private equity

How private equity is killing veterinary medicine—quickly

You have probably already heard about the role of private equity money in veterinary medicine. If you are like most of us, though, its real meaning eludes you. Nevertheless, our collectively vague understanding of the issue tends to divide us into two camps: those who understand at least the basics of private equity investing, and, consequently, loathe it, and those who harbor no clear opinion, but suspect those who do are somehow constitutionally uncomfortable with capitalism.

By the end of this column, I hope to explain the essence of private equity investing well enough to show there is nothing defensible (or even capitalist) about it. Even if you are one of the few fortunate veterinary practice owners likely to benefit en...


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