Becker's Healthcare March 13, 2025
Kelly Gooch

A study published in the March issue of Health Affairs found that physician employment and turnover increased following private equity acquisitions of medical practices.

Researchers analyzed clinician-level data linked to practice acquisition records from 2014 to 2021, examining private equity acquisitions of 200 ophthalmology practices with 1,980 clinicians. The study used a difference-in-differences design to compare changes to employment and turnover in acquired practices to similar, unacquired practices over time.

Compared to matched controls, PE-acquired practices saw a 46.8% increase in clinician employment within three years of acquisition, driven by growth in...

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