HealthExec March 15, 2025
Chad Van Alstin

When physician practices are acquired by private equity firms, turnover increases, but the total number of clinicians hired by organizations also rises, according to a study published in Health Affairs. [1]

A research team from Brown University and Duke University analyzed clinician-level employment records from 200 ophthalmology practices acquired by private equity investors, using a “difference-in-differences” study design to measure staffing changes between 2014 and 2021.

In total, the practices employed 1,980 clinicians.

By matching the records to a control group of unacquired practices of a similar type and from the same time period, those taken over by private equity increased clinician employment by 46.8% within three years.

The authors said most of the growth came from newly...

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Topics: Investments, Mergers & Acquisitions / JV, Physician, Provider, Survey / Study, Trends
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