As independent practices struggle to keep pace with consolidation, a contingent of physicians is responding with an entrepreneurial turn. Between 2012 and 2024, the share of physicians in private practice fell by nearly 20 percentage points from 60.1% to 42.2%,…
Transactions + Private Equity
Physician practice closures aren’t slowing down. Bankruptcies climbed to their highest level in recent years in 2024 before easing somewhat in 2025. Becker’s tracked 23 physician practice closures in 2025. From a 30-location dermatology group that abruptly stopped paying its…
The share of practices owned by hospitals, health systems or other corporate entities surged from 39% to 59% between 2019 and 2023 alone. Physician employment by those same entities climbed from 62% to 78% over the same period, according to…
Nearly half of U.S. physicians aren’t relying solely on their clinical salary. Whether driven by financial pressure or intellectual curiosity, a growing share of physicians are building nonclinical income streams through consulting, teaching and research. Here are six things to…
After months of negotiations, Washington, D.C.-based George Washington University and King of Prussia, Pa.-based Universal Health Services reached a deal May 26 to restructure the university’s physician practice group arrangement. The deal transitions financial responsibility of GWU’s struggling physician practice…
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Arlington, Va.-based Privia Health has entered New Jersey, its 25th state, through a partnership with Neurology Group of Bergen County, a practice with 25 adult and pediatric clinicians, according to a May 27 news release. The group will serve as…
Washington, D.C.-based George Washington University, Medical Faculty Associates and King of Prussia, Pa.-based Universal Health Services have reached a definitive agreement regarding a new academic affiliation arrangement for George Washington University Hospital and Cedar Hill Regional Medical Center. The deal…
Irving, Texas-based Focus Physicians Group has launched as a physician-owned group practice providing board-certified emergency medicine and health and wellness physician services across eight Texas markets, according to a May 20 news release. The group serves freestanding emergency rooms and…
King of Prussia, Pa.-based Universal Health Services is looking to give George Washington University Hospital in Washington, D.C., control over the development of an emergency department as Cedar Hill Regional Medical Center HW Health’s operations “continue to struggle,” the GW…
Chapter 11 bankruptcy filings increased 33% in Q1 of 2026 compared with Q4 of 2025, according to a report released April 29 by Gibbins Advisors. The data covered cases with liabilities of at least $10 million across healthcare and medical…