# Episode 20: Private Equity Part 2-Private Pockets & Patient Plunder: The Private Equity Takeover of ABA

Page: https://stenobird.com/podcast/rad-n-bad-podcast-7370394/episode-20-private-equity-part-2-private-pockets-patient-plunder-the-private-equity-takeover-of-aba
Text version: https://stenobird.com/podcast/rad-n-bad-podcast-7370394/episode-20-private-equity-part-2-private-pockets-patient-plunder-the-private-equity-takeover-of-aba.md
Podcast: [Rad N Bad Podcast](https://stenobird.com/podcast/rad-n-bad-podcast-7370394)
Published: 2025-11-21T14:00:00+00:00
Episode link: https://podcasters.spotify.com/pod/show/sean-carrero/episodes/Episode-20-Private-Equity-Part-2-Private-Pockets--Patient-Plunder-The-Private-Equity-Takeover-of-ABA-e3adcg0
Audio file: https://anchor.fm/s/104b97260/podcast/play/110587840/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fstaging%2F2025-10-2%2F410461284-44100-2-4828b3ee7882f.m4a
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Duration seconds: 1207

## Resource

In this fiery, no-holds-barred episode, Sean Yocum returns to the mic to rip the mask off one of the most dangerous forces creeping through the field of Applied Behavior Analysis — private equity. What started as a clinical revolution has become a corporate gold rush, and Sean calls it exactly what it is: behavioral gentrification. From Wall Street boardrooms to therapy rooms, Sean exposes how venture capital vultures have infiltrated autism services, transforming care into commodity and compassion into cash flow. He breaks down the “three D’s” — Debt, Dominance, and Destabilization — the unholy trinity driving overbilling, burnout, and the collapse of clinical fidelity. Backed by data, real-world examples, and an unapologetic voice for ethics, this episode pulls zero punches. You’ll hear the truth about what happens when finance runs therapy: supervision disappears, turnover skyrockets, and the very kids this field was built to serve become financial line items. But Sean doesn’t just vent — he rallies. He calls on BCBAs, RBTs, and leaders across the country to demand transparency, document pressure, and prioritize people over profit. This episode isn’t about fear. It’s about rebellion.If you’ve ever wondered who really owns your company — and what that means for your clients — this is your wake-up call. Stay rad. Stay bad. And remember: when finance walks in, fidelity walks out the back door. Check out the article here: ⁠https://cepr.net/publications/pocketing-money-meant-for-kids-private-equity-in-autism-services/⁠ Join the Underground Conference Here: ⁠https://sean-s-site-2244.thinkific.com/products/communities/theunderground⁠ Learn about Hi-Rasmus Here: ⁠https://hirasmus.com/⁠

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## Transcript

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