Article10.21.2026

Industry Voices—How Physician Practices Can Grow and Succeed Without the Support of Private Equity

by Isabelle Bibet-Kalinyak, Cynthia Matossian and Rajesh U. Kothari
Fierce Healthcare

Pullman & Comley Health Care Attorney Isabelle Bibet-Kalinyak co-authored a Fierce Healthcare article, “Industry Voices—How Physician Practices Can Grow and Succeed Without the Support of Private Equity,” along with Cynthia Matossian, M.D., and Rajesh U. Kothari. The article explores strategies for physicians seeking to maintain independent practices and achieve sustainable growth amid rising costs, declining reimbursement and increased industry consolidation.

Isabelle and her co-authors outline several paths to success, including making strategic adjustments to existing operations, expanding services and investing in technology, pursuing physician-led consolidation and carefully evaluating outside investment. They emphasize that “private equity is not the only path forward” for physicians who want to remain independent, highlighting opportunities to grow through operational improvements, strategic partnerships and targeted investments. The authors stress that physicians should carefully weigh their options, noting that “the key is understanding your options and choosing the approach that best fits your goals, values and circumstances.”

To read the article, please visit the Fierce Healthcare website.

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