To expand on this argument. I think even medical health care is more open to innovation that mainly benefits consumer health. Doctors are kind of oblivious of the cost of procedures. This has a host of other problems, but at least innovation and health outcomes are aligned (and less aligned with cost). Dentists are massively private equity owned where I live. Bottom line is everything. You notice that where you’re in the chair. Six minute procedures (the billing time) always take seven. Kids are state insured and always get upsold to whatever procedure is fashionable (or should I say: has the highest margin). I have a strong feeling innovations are swallowed up and shelved in this sector. It makes sense for the PE to kill innovation once you have a market cornered.
The only thing this anti market rant (not my usual spiel) does not have is an explanation for how PE coordinates the suppression of innovation. I should look into the owners of the parties that deliver the dentist supplies and machinery. That would be the best way to corner a market, by owning the supply chain as well.