Private Equity Is Taking Over Your Veterinarian

In the world of money managers and big capital, anything that doesn’t belong to the ultrawealthy is a temporary inconvenience, an aberration waiting and begging to be set right. Private equity (PE) specializes in using its immense hordes of capital, leverage, and networks to buy up everything in sight before jacking up prices, lowering service standards, stripping companies of assets, or some combination of the above. It’s a cynical and destructive strategy, and those behind it don’t care what…