Corporatization has emerged as a common phrase to describe the heightened levels of corporate ownership and consolidation of healthcare practices in the U.S. In 2024, 6.5% of physicians reported working in private equity-owned practices, up from around 4.5% in 2020 and 2022, according to the AMA. The corporate takeover resulted in dozens of physicians leaving the area due to noncompete agreements, further fragmenting healthcare access for patients. “Physician practices are entering agreements with large healthcare providers, sometimes with different expectations than the reality they encounter.”7. More than 20 national medical organizations wrote in a May 20 letter that the elimination would raise taxes on private medical practices.