ER Urgent Care Holdings Inc (ERUC)

[in2lite]

The irony strikes me, given the following:

1. Florida is a non corporate practice of medicine state, therefore corporate entities can employ MDs/DOs.

2. There is an acute national and regional shortage of primary care physicians, i.e., demand substantially exceeds supply. PCPs can have an instant practice if they accept Medicare assignment and obtain credentialing by the major health plans.

3. Florida has excessive demand for PCPs due to a disproportionate share of seniors who consume 4 - 5 times as many services as the commercial members/patients.

So, could this be primarily gross mismanagement, or might their be another explanation?