PGP CEO Michael Kroin quoted in The New York Times
A July 10th article by Reed Abelson and Margot Sanger-Katz in The New York Times quoted Physician Growth Partners CEO and co-founder Michael Kroin. The article, titled “Who Employs Your Doctor? Increasingly, a Private Equity Firm,” focused on a report from the American Antitrust Institute showing that in 13% of U.S. metro areas, more than half of the specialty physicians are affiliated with private equity groups.
The article stated that “private equity is often viewed by physicians as an attractive alternative to having their practice bought by a hospital. In part, the doctors are ‘getting more scale and gaining efficiencies,’ including help with office administration and technology.”
Kroin was quoted as saying, “private equity firms provide scale to allow independent practice groups to survive and maintain their autonomy. If they could, given their rising costs and how squeezed they feel by insurers, every independent group would want to increase its fees.”
To read the full article, please visit The New York Times website.