Transactions + Private Equity

Walgreens-backed VillageMD has continued its expansion into the Northeast through its acquisition of Starling Physicians, a primary care and multispecialty physician group in Connecticut.

Agilon Health has acquired mphrX, a value-based care technology company that aims to provide interoperability solutions.

Toms River, N.J.-based pediatric network Pediatric Affiliates has partnered with Webster Equity Partners, a healthcare-focused private equity firm.

The U.S. physician groups market is expected to grow to $360.47 billion by 2029, according to the "U.S. Physician Groups Market, 2022-2029" report from Fortune Business Insights.

Here are five key moves and studies since August about private equity and physicians:

New Mexico-based Presbyterian Health Services plans to outsource its physician recruitment for its Santa Fe location to Sound Physicians, a private equity-backed staffing firm, the Albuquerque Journal reported Jan. 11. 

Emergency physicians and consumer advocates across several states are seeking to ban private equity staffing practices, according to a Dec. 27 report from Tennessee Lookout.

Boynton Beach, Fla.-based multispecialty physician group Medical Specialists of the Palm Beaches has secured a private equity investment, the company said Dec. 5. 

A total of 245 private equity transactions took place in the third quarter of 2022, a 12 percent increase year over year, according to a report from business intelligence company Irving Levin Associates.  

More than half of physician medical group deals involved private equity investors each year from 2017 to 2021, according to VMG Health's Annual Healthcare M&A Report 2022.