Pd40-12 Trends in Private Equity Acquisitions of Urology Practices in the United States (2004-2021)

You have accessJournal of UrologyHealth Services Research: Practice Patterns, Quality of Life and Shared Decision Making III (PD40) 1 May 2024PD40-12 TRENDS IN PRIVATE EQUITY ACQUISITIONS OF UROLOGY PRACTICES IN THE UNITED STATES (2004-2021) Sandeep Sai Voleti, Logan Briggs, Nishant Uppal, Scott Cheney, Eric Zeidman, and Quoc-Dien Trinh Sandeep Sai VoletiSandeep Sai Voleti, Logan BriggsLogan Briggs, Nishant UppalNishant Uppal, Scott CheneyScott Cheney, Eric ZeidmanEric Zeidman, and Quoc-Dien TrinhQuoc-Dien Trinh View All Author Informationhttps: //doi. org/10. 1097/01. JU. 0001009356. 04608. d5. 12AboutPDF ToolsAdd to favoritesDownload CitationsTrack CitationsPermissionsReprints ShareFacebookLinked InTwitterEmail Abstract INTRODUCTION AND OBJECTIVE: There have been many recent investments in urologic practices by private equity (PE) firms involving the acquisition of several large urology practices throughout the United States. Prior work suggests that about 7. 2% of private practice urologists in the U. S. are employed by a PE-backed practice, comprising a higher percentage in certain states. As urologic practices are consolidated due to PE investments, little is known about trends in and the impact of PE activity in the scope of urology practice. This study aims to better characterize PE-backed acquisitions of urologic practices from 2004-2021 in the U. S. METHODS: We conducted a retrospective cross-sectional analysis of PE transactions involving urologic companies from January 1, 2004 through May 24, 2021 using the PitchBook financial database. Using keywords related to urology, we identified PE investments into urologic practices. We extracted the total number, distribution, and funding area of all PE investments fulfilling these criteria. We also calculated the cumulative total value of investments over the study period. Transaction data were supplemented with publicly available information from financial news outlets and press releases. Descriptive data analysis was conducted in Microsoft Excel in May, 2021. Since the data did not include information on human subjects, the present study was exempt by the Harvard Medical School institutional review board. RESULTS: From January 1, 2004 through May 24, 2021, there were 44 PE investments into 29 urologic practices identified through the PitchBook financial database. Total dollar-value of investments in urology practices over this period was 1. 94 billion. The number of urology practice acquisitions was highest in 2020 with five practices acquired, followed by four practice acquisitions each year from 2017-2019. The states with the greatest number of practice acquisitions were Florida (4), Maryland (4), Texas (3), and Arizona (3). The largest PE investor in urology practices was Audax Group, with total investments valued at 1. 13 billion. CONCLUSIONS: This study suggests that PE firms have a financial stake in consolidating and expanding urologic practices throughout the United States. Further work is needed to assess how this impacts physician performance, clinical decision making, and patient outcomes. Download PPT Source of Funding: None © 2024 by American Urological Association Education and Research, Inc. FiguresReferencesRelatedDetails Volume 211Issue 5SMay 2024Page: e824 Advertisement Copyright & Permissions© 2024 by American Urological Association Education and Research, Inc. Metrics Author Information Sandeep Sai Voleti More articles by this author Logan Briggs More articles by this author Nishant Uppal More articles by this author Scott Cheney More articles by this author Eric Zeidman More articles by this author Quoc-Dien Trinh More articles by this author Expand All Advertisement PDF downloadLoading. . .