I wish I could remember where I heard this, it's from some NPR podcast like Freakonimics or This American Life. Dentists would normally sell their private pract

I wish I could remember where I heard this, it's from some NPR podcast like Freakonimics or This American Life. Dentists would normally sell their private practice to an up-and-coming dentist that they know, but recent graduates are so mired in debt that they can't really afford the loan to buy a practice, so PE firms end up buying instead. Edit: > DUBNER: We did a series on private-equity consolidation in the pet-care industry, and we found a lot of problems there for employees and consumers. But we also learned something that seems to apply to a lot of the human healthcare industry. If you look at nursing homes, doctor’s offices, dentists offices, what we heard is that the founders of these offices and companies, when it’s time to retire, they might prefer to sell to one of their junior partners. That’s what often happened before private equity was around. But now those junior partners have so much debt from medical school or veterinary school or whatever that they can’t afford to buy the practice. So the only likely buyer is an outside investor like a private-equity firm. The P.E. firm is satisfying a real need there, but the resulting roll-ups or consolidations are often worse for existing employees and worse for consumers. Do you have any thoughts for how that might work differently? https://freakonomics.com/podcast/the-biden-policy-that-trump-hasnt-touched/ https://freakonomics.com/podcast/the-biden-policy-that-trump...