The Benefits of Buying Contiguous Territories

In retail health, most of the equity value creation was simply just multiple arbitrage. But when you have something like dermatology, it turns out that the average person has to wait six weeks to get a dermatology appointment. And so one of the leading consolidators came up with this sort of probably not that amazingly sophisticated thought: Why don't we just call everybody who has an appointment six week out and say, hey, I got a cancellation today? Do you want to commit? So what they were able to do is increase the throughput from 10 to 12 in a given day. We see that in a lot of route density based businesses where your costs can go down substantially by buying a business