PGP co-founders publish article - Physician Growth Partners

PGP co-founders ask “Private Equity Investment in Health Care —Is it Positive for Doctors?”

Physician Growth Partners (“PGP”) co-founders Michael Kroin and Ezra Simons recently published an article in Modern Aesthetics magazine asking the question, “Private Equity Investment in Health Care —Is it Positive for Doctors?” The article talked about how private equity investment in health care practices is affecting patients and payers, “but what about the physicians?” It featured interviews with PGP clients who have concluded private equity transactions and also cited data from the American Investment Council, Pitchbook, the JAMA Health Forum,, and America’s Health Insurance Plans.

Dr. Matthew Zimm, a Pennsylvania ophthalmologist who concluded a PE partnership in 2022, was quoted in the article. He said, “In the end, this is an individual decision. It is not for everyone, but trends in the health care market suggest that private independent practices are not the future. Doctors faced with the increasing complexity of practice have the choice to join a health system or work with a managed services organization (MSO). My peers have had way better experiences working this way (with an MSO) and so far I am also.”

Modern Aesthetics is published six times each year by Bryn Mawr Communications. You can see the latest issue at