But there's nothing to stop all the doctors in an area from forming a cooperative. That would also be private equity, but not in the sense described in the article.
The PE in the article is firms with other values than what traditional medical professionals have, and those values are conflicting.
There's some anti-trust complications with loose cooperatives negotiating as a collective. Fine line between collective bargaining power and price fixing.
Organizations more like employee owned businesses exist but those come with their own sets of problems.
The PE in the article is firms with other values than what traditional medical professionals have, and those values are conflicting.