| | | | Dear Reader, | December inflation held at 2.7% year-over-year, a reminder that everyday costs are still climbing even when the headlines sound calmer. That's clear in the latest CPI release, where "services" remain a persistent pressure point for many households. | But there's another force that doesn't show up neatly in a CPI table: who owns the places you rely on. Private equity has been steadily buying into dental groups, veterinary chains, and other "everyday" services—often through management companies that sit behind the sign on the door. A lot of Americans only notice after the first confusing bill, the first new fee, or the first time a familiar office starts feeling like a call center. |
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| | | | | Why This Matters | For investors, this is a structural story—not a stock ticker story. | When ownership shifts from a local practitioner to a finance-driven platform, incentives change. The playbook often centers on standardizing operations, raising "throughput," and using scale to negotiate prices—sometimes with insurers, sometimes directly with patients. In dentistry, industry observers have described how consolidation can reshape everything from staffing to pricing in a close look at the consolidation trend. In veterinary care, regulators have warned that rolling up clinics can reduce competition and raise costs, as shown in FTC case materials on veterinary consolidation. | In plain terms: if there are fewer independent options in your area, pricing power rises—even if overall inflation cools. |
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| | | | | | The Patriot Perspective | Ownership structure shapes everyday costs—sometimes more than the latest CPI headline. | A steady household response is simple: keep a larger cash buffer for "unplanned basics" (dental, vet, urgent care), ask upfront for written estimates, and don't be shy about shopping around when you can. Preparedness beats surprise—and surprise is what consolidation often delivers. | Stay steady, Kenneth Boyd Author, Finance Writer, Former Investment Advisor & CPA |
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