Dec 24, 2021
In many situations, when private equity comes calling, the
owners of the practice are close to retirement and they are offered
more money than they’d ever get from another physician buying into
the practice. My practice has been approached by private equity
twice. I’m in my early 40s, so the decision to sell is a lot more
complicated. We didn’t ultimately sell, but while negotiations were
taking place, I was concerned, but wasn’t sure if my concerns were
valid or if I was even considering the issues I should be concerned
about.
Private equity was recently a topic of discussion on ENT
Connect, the American Academy of Otolaryngology’s chatroom, so I
invited two of physicians who had given eloquent, concise arguments
for and against selling onto the show to discuss their reasoning.
It made for a very informative conversation.
William R. Blythe, MD, is a General Otolaryngologist
practicing at East Alabama Ear, Nose and Throat in Auburn/Opelika,
Alabama. He’s been in the same practice with the same
partners since finishing residency in 1997. He was the past
Chief of Staff of East Alabama Health, where he served in almost
every medical staff leadership position over the past 24 years. He
served as President of the Alabama Society of Otolaryngology for
ten years, and continued in his role as Annual Meeting
Coordinator. He continues to serve on multiple committees for
AAO-HNS, including CPT, AMPC, Reg-ENT Executive Committee, and is
currently the Senior Director for Private Practice, Board of
Directors and BOD Executive Committee.
Drew Locandro, MD, is a practicing general otolaryngologist
with Northwest ENT and Allergy - Marietta, Georgia. He joined a
group practice there after residency in Albany NY and has practiced
there since. He is president of his 6-physician group with 5 office
locations and an ASC. He’s served as chairman of the department of
surgery at Wellstar Kennestone Hospital as well as chair of the
hospital quality assurance committee for several years. He’s also
been a member of the American Academy of Otolaryngology Outcomes
Research and Evidence Based Medicine Committees.
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