Los Angeles-based Prospect Medical Holdings, a private equity-backed company with a portfolio of more than 11,000 physicians, filed for Chapter 11 protection Jan. 11.
Transactions + Private Equity
Around 63% of physician transactions in 2023 were attributable to a PE firm or their portfolio companies, according to VMG Health's 2024 Healthcare M&A Report published May 7.
Dental was the physician specialty with the highest deal volume in 2023, according to VMG Health's "2024 Healthcare M&A Report."
Here are three numbers that provide insights into where private equity stands in healthcare today:
The majority of physicians feel negatively about private equity's role in healthcare, according to a study published March 11 in JAMA Internal Medicine.
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From 2012 to 2021, the number of physician practices owned by private equity groups jumped by more than 600%, according to a March report from Health Affairs.
Here are six private equity transactions and updates to know that Becker's reported on in February:
The number of healthcare-focused private equity deals decreased by 16.2% in 2023, according to PitchBook's "Healthcare Services Report" published Feb. 8.
From health system acquisitions to bankruptcy filings, here are seven private equity moves physicians should keep an eye on that Becker's has reported on so far in 2024:
Connecticut-based private equity firm Peloton Equity has invested in OnPoint Healthcare Partners, an AI-enabled technology services provider focusing on reducing physician burnout and improving administrative efficiencies.