15 private equity moves affecting physician groups, practices

Here are 15 notes on private equity moves that Becker's has covered so far in 2023:

  1. Ten private-equity backed giants control over 300 ophthalmology practices nationwide, having a major hand in the industry. Here are the 10 largest private equity companies in ophthalmology. 
  2. Nashville, Tenn.-based Envision Healthcare, a physician services company and ambulatory surgery center operator, filed for bankruptcy almost five years after a private equity firm acquired it for $9.9 billion and took the company private.
  3. A report from the Private Equity Stakeholder Project found that of the 386 hospitals owned by private equity groups, 34 percent serve rural populations.
  4. The Association for Independent Medicine launched to support independent, physician-owned medical practices and is backed by nearly 400 anesthesiologists. The association aims to support all medical specialty groups with a focus on those that are often targeted by private equity, such as anesthesiology, orthopedics, radiology and cardiology.
  5. Private equity in 2022 closed on almost $90 billion in healthcare deals.
  6. Private equity-backed Capitol Pain Institute acquired three practices and one ASC in Colorado.
  7. United Digestive partnered with private equity firm Kohlberg & Company.
  8. Although private equity deal activity in the ASC industry has remained relatively consistent over the last six years, investors have changed their spending patterns in response to the changing scope of care.
  9. Toms River, N.J.-based pediatric network Pediatric Affiliates partnered with Webster Equity Partners, a healthcare-focused private equity firm.
  10. Although the supply of orthopedic surgeons in the U.S. is low, the specialty remains attractive for private equity investors.
  11. From private equity to operation costs, six ASC leaders connected with Becker's to discuss the consolidation trends they are monitoring in 2023. 
  12. A bill introduced in the 2024 New York State Executive Budget would require regulatory review for certain physician practice and management service organization transactions. The bill targets private practice acquisitions and MSO- and private equity-backed transactions. 
  13. The value of healthcare private equity deals in 2021 was 378 percent higher than that of 2012.
  14. Private equity firm Shore Capital Partners made 23 healthcare service platform deals from 2020 through 2022.
  15. Albuquerque, N.M.-based Presbyterian Healthcare Services announced plans to outsource its physician recruitment for its Santa Fe location to Sound Physicians, a private equity-backed staffing firm.

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