Yea I don't see PEs buying a doctor's office. I have seen "mergers". A doctor will join up with another doctor and then disappear in a year or two. That let's

Yea I don't see PEs buying a doctor's office. I have seen "mergers". A doctor will join up with another doctor and then disappear in a year or two. That let's them legally sell the practice while weening patients over. I have had a CPA start that process recently too. Suddenly announced he's joined up with this new CPA firm . Not to worry, he'll still be here to take care of our corporate needs and has transferred everything over (he's late 60s and snowbirding already) A PE may buy up a already larger medical practice chain or something, but never individual practices. The machine shop example is rough, he could do a merger retirement as well, but he needs to have consistent clients that he can bring over to another shop before slowly phasing himself out. Which may not have been scenario unfortunately.