Why Private Equity Works in Value-Based Primary Care

Private equity has become one of the most influential forces shaping the future of primary care. While critics often paint all healthcare investment with a single brush, emerging evidence from value-based care (VBC) environments tells a far more constructive story, one that investors should pay close attention to. A recent claims-based analysis of Medicare Advantage (MA) primary care platforms operating under full-risk and downside-risk contracts provides the clearest signal to date: Private equity investment in value-based primary care does not inflate costs and can help sustain high-performing care models at scale.

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Source: https://www.alvarezandmarsal.com/sites/default/files/2026-02/Private%20Equity%20Paper%20_FINAL.pdf

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