Who profits from healthcare?

Dentistry is a $12 billion a year industry and growing, making it a valuable target for private equity investment. But what are the implications for patients when others seek to profit from healthcare?A recent article in the Australian Financial Review reported large dental chain Dental Boutique had appointed Morgan Stanley and Gilbert + Tobin to sell their business. It is part of a growing trend both here in Australia and internationally for the consolidation and corporatisation of healthcare businesses, and in particular for private equity funds to buy into healthcare.But is raises some important questions about whether this is a good thing, and who profits from healthcare?A recent scoping review on the role of private equity in health found that there were both positive and negative impacts on health outcomes, staffing and costs, but importantly found no evidence of consistently positive effects of private equity in health.In this episode of the Dental As Anything podcast, I explore the issue of private equity investment in the dental industry, noting trends in dentistry from the USA (where 1 in 8 dentists are now associated with private equity) and trends in the medical profession in Australia.

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