Source: Healio Interview
Disclosures: Flax reports no relevant financial disclosures.
September 21, 2021
1 min watch

VIDEO: Private equity, consolidation in GI ‘is here’, make the right move

Source: Healio Interview
Disclosures: Flax reports no relevant financial disclosures.
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In this exclusive video, Ira Flax, MD, PA, MACG, private practitioner in Texas, discusses private equity in gastroenterology.

Flax was a moderator during the ACG grand round Private Equity in GI: Looking back and moving forward. For over 30 years he has been a managing partner at Digestive & Liver Specialists and currently serving on board of trustees for Memorial Hermann Health System.

He said that physicians wondering if private equity is the right move for them, it is important they understand their market.

“Private equity is certainly here, and consolidation is certainly here,” Flax said. “However, that consolidation is continuing to be evolving. Each different platform is in fact different, and you need to spend a lot of time understanding what your goals are. You need to understand what the unique platforms have to offer and how your unique market will benefit.”

Flax said those interested need to understand the financial implications because this is a financial transaction. His concern is what will happen to the second flip of the equity platforms; will this impact a physician’s ability to be an independent practitioner and have control over their practice in the future?

He concluded saying that merges and acquisitions are not as transparent as he would like so physicians need to understand their practice, their market and have a good support system financially and legally.