[CapitalistCartr]

The usual arrangement for an LBO is to saddle the bought company, the vet in this example, with the debt,or spin off a secondary company from the vet with the poorest assets and most to all of the debt. It's all a scummy business.

[gowld]

Then why is everyone complaining "my vet sucks now" and not "my vet went out of business"?

[Buttons840]

Because the vet does suck now, and yet is still profitable because there's not enough competition.