Why physician practices are closing even as PE keeps paying record prices to buy them

Private equity paid a record $191 billion for U.S. healthcare deals in 2025, more than the sector’s previous peak in 2021. Cencora alone has spent more than $10 billion on physician-platform acquisitions since January 2025, including a $1.1 billion deal for EyeSouth Partners’ retina business and a $5 billion deal for a majority stake in […] The post Why physician practices are closing even as PE…