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Doctor Acquisitions Spiked Amid The Pandemic

Nearly 70% of America's physicians were employed by hospitals or corporations by the end of 2020, and nearly half of physician practices were owned by them, according to a new analysis released by the Physicians Advocacy Institute. Why it matters: The health care industry is becoming increasingly consolidated, which studies suggest will lead to even higher prices. Flashback: "The coronavirus is shriveling the businesses of doctors' practices, which serve as the home base for most patients," Axios' Bob Herman reported last spring. "Small and independent groups that are facing the most severe cash crunches eventually may ...