LPS Blog Corned Beef & Cabbage? The Myth Busted

Happy St. Patrick's Day! Today is a national holiday in only a few places; Newfoundland, Labrador, Montserrat and Ireland. Contrary to popular myth, corned beef and cabbage is not Irish, but rather an American concoction. The Irish used bacon. Why does this matter to dentists? It is just pointing out that we learn something new every day. Myth in Dentistry: Private Equity is Behind All Consolidation. Certainly, Private Equity has invested tens of billions in IDSOs and DSOs over the last 35 years. However, LPS has completed hundreds of millions of values in IDSO partnerships for our clients with IDSOs backed by other types of investors. Venture Capital has dipped their toe into IDSOs, Family Offices have invested billions in IDSOs. And the world's largest asset manager, Blackrock, with $13 Trillion under management has invested in FOUR IDSOs in the last 30 months. Consolidation is accelerating and is NOT just powered by Private Equity. In case you missed it, a country with fewer than 600,000 citizens, which got its first paved road in 1961, has a Sovereign Wealth Fund (SWF) with over $1.0 Trillion dollars. Abu Dhabi has the world's third largest SWF, surpassed only by China and Norway. This [...]The post Corned Beef & Cabbage? The Myth Busted appeared first on Large Practice Sales.