Quote Originally Posted by pinkytoe View Post
I was just reading an article about a radiology clinic back in Austin laying off long-time staff right now - this is a company that has been there for years. A year or so back, the bulk of the organization was acquired by private equity firms for whom only the bottom line matters. Little bits left were sold off to some of the doctors who practice there. Ditto with MIL's assisted living - it was also acquired recently by an equity firm and the service has become deplorable. So much of this going on in the health care world.
Consolidation of healthcare systems has been going on for a decade or so and is not going to stop. Buying physician practices is in the mix as well.