Physician Turnover After Private Equity Exits
February 17, 2025
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3 min
A recent study published in JAMA Health Forum examined the association between private equity (PE) exits from physician practices and subsequent physician employment trends. The results showed that physicians in PE-exiting practices were 16.5 percentage points less likely to remain at their original practices 2 years following exit compared with matched controls. The study also indicated higher turnover rates in dermatology and family medicine, with a higher proportion of departing physicians joining large practices.
1. A study in JAMA Health Forum examined the impact of private equity exits on physician employment trends. 2. Physicians in PE-exiting practices were 16.5 percentage points less likely to remain at their original practices 2 years following exit compared with matched controls. 3. Higher turnover rates were observed in dermatology and family medicine. 4. Most PE-exiting practices had more than 20 physicians and were often located in the South. 5. Future research should explore the impact of PE exits on patient care and practice structures.
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