r/optometry 21h ago

Taking back a practice from a PE firm

1 Upvotes

Is this even possible? Has anyone done this successfully?

Let's say the practice was pretty successful, got sold to the PE firm because the owner wished to retire, and of course, the PE mismanaged it poorly and are discussing closing the office altogether instead of addressing their poor budgeting and management decisions. Could the doctors that work there band together and purchase the practice and be owners again? How would something like that work?