Veteran attorney Dennis Hursh discusses his article "Private practice employment agreements: What happens if private equity swoops in?" In this episode, Dennis explains how private equity acquisitions of medical practices complicate the traditional path for employed physicians who expect eventual ownership. He highlights risks such as working years at below-median pay without ever reaching partnership and inheriting underpaying contracts after a sale. Dennis also offers strategies for physicians to negotiate protections, including provisions for equity-equivalent bonuses or safeguards in case of a private equity takeover. He emphasizes that while some private equity firms bring resources and technology, others impose profit-driven pressures that can erode job satisfaction. Listeners gain actionable insights into safeguarding their career paths and financial futures in the evolving private practice landscape.
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