According to a new report published by the American Antitrust Institute, private equity (PE) firms have purchased a substantial number of physician practices over the last decade, with some firms owning over 30% of practices in a given specialty in some markets.
How private equity is impacting physician practices
In the report, researchers from the University of California, Berkeley’s Petris Center and the Washington Center for Equitable Growth found that PE acquisitions of physician practices increased more than six-fold between 2012 and 2021. In 2012, there were 75 acquisitions, compared to 484 acquisitions in 2021.