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[quote=Anonymous]Anyone arguing that prices skyrocketing is reasonable because now vets are being compensated for their worth is an idiot. It’s private equity. The vet and especially the vet techs are still underpaid. It’s going to the Carlyle group, Mars and other PE groups.

Here is the PE model. Buy out practices using leveraged buyouts which mean the PE group buys it and then saddles the practice with a massive loan paying the PE company back. Next skim 20% of the profits per year and charge a hefty management fee to the practice. These proceeds go to the investors and are not reinvested in the practice. Now operating expenses are through the roof with debt and fees. Solution cut staff and start heavily pushing expensive services, raise prices. Next sell assets if any. If the practice owns the land they are on and it’s lucrative sell it and saddle the practice with expensive lease payments. Anything to squeeze out more money. When the practice goes bankrupt which is 10 times more likely once PE owns it, walk away liability free.

PE is known as vampire investing or the revenue extraction model. [/quote]

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