Holly Buckley, chair of McGuireWoods' healthcare department, breaks down the growing private equity appetite for physician practices in a recent podcast discussion. As a leading attorney in healthcare M&A, she represents major PE funds and healthcare organizations navigating complex practice acquisitions and regulatory compliance.

Private equity firms are increasingly targeting physician practice management companies, drawn by predictable cash flows and consolidation opportunities. Buckley notes that certain specialties attract disproportionate capital, though she doesn't specify which ones in the provided material. Her clients include hospitals, health systems, and ambulatory surgery centers seeking affiliation agreements.

The operational complexities of these deals require extensive due diligence and regulatory expertise. Buckley's team structures transactions while ensuring compliance across multiple healthcare entities, reflecting the sector's evolving regulatory environment.

This trend signals broader changes in how medical practices operate, with private capital reshaping traditional physician ownership models. The shift toward institutional ownership continues accelerating as practices seek scale and resources amid rising operational costs.