In recent years, private equity firms have been gobbling up physician practices to form powerful medical groups across the country, according to a new report released Monday.
In more than a quarter of local markets — in places like Tucson, Ariz.; Columbus, Ohio; and Providence, R.I. — a single private equity firm owned more than 30 percent of practices in a given specialty in 2021. In 13 percent of the markets, the firms owned groups employing more than half the local specialists.