The 9 specialties where independent practice is shrinking

Advertisement

Independent practice is in decline across at least nine medical specialties due to hospital acquisitions, according to a report released by the Progressive Policy Institute in December 2025.

The report evaluated 70 economic studies that analyzed the impacts of hospital acquisitions on physicians, patients and communities. 

Here are the percentage decreases in independent practice due to hospital acquisitions across nine medical specialties: 

  • Anesthesiology: -4%
  • Internal medicine: -16%
  • Neurology: -19%
  • Gastroenterology: -20%
  • Family practice: -21%
  • Obstetrics and gynecology: -25%
  • Cardiology: -31%
  • Oncology: -39%
  • General surgery: -42%
Advertisement

Next Up in ASC Transactions & Valuation Issues

  • IRA Capital has acquired a 24-property portfolio of medical facilities across 11 states. The portfolio was purchased from a publicly…

  • Becker’s reported on six Stark law cases in 2025: 1. New York-Presbyterian Hudson Valley Hospital will pay $6.8 million to…

Advertisement