PUBLIC LEDGERUPDATED JUN 5, 2026 · 1,620 PROVIDERS TRACKED · 1,412 STILL OPEN
WHO OWNS
YOUR CARE?
When you choose a provider, you deserve to know who actually owns it.
1,412 of the 1,620 providers we track still have no verified ownership on file. We are building that record one citation at a time, and the providers themselves can help.
[ ON THE RECORD ]
1,412
Ownership not yet verified
The honest default. We are working through them.
203
Concern tier
PE-backed, VC-backed, or family-office-backed
4
Watch tier
Publicly traded or hospital systems
1
Aligned tier
Nonprofit, physician-owned, or verified independent
0
Verified independent. That is the count of providers who have signed our self-attestation so far. If you are a clinician at an independent practice, that number can be one higher this week.
Declare your ownershipStart here.
Look up your provider.
Search the name on your appointment card. We will show you the type of ownership we have on file, and the public filings behind that finding.
How ownership works
The path a dollar takes to reach your clinic
↓ Read top to bottom
↓ Read top to bottom
Tier 1
Limited Partners
Pensions · Sovereigns · Endowments
$ in
$3.4B committed
Tier 2
PE Fund Vehicle
Apex Healthcare Fund IV, L.P.
10-yr life
Deploys $850M
Tier 3
PE Sponsor
Apex Healthcare Partners
GP
2% mgmt + 20% carry
Tier 4
Platform / Roll-up
Sunbelt Reproductive Holdings
Aggregates
Acquires 14 clinics
Tier 5
Brand / DBA
Coastline Reproductive Group
Branding
Same logo, same staff
Tier 6
The Clinic
Bay City Fertility Center
Your provider
Same building
↑ Each layer has to be paid. Each layer needs a return on investment. You are the person paying for all of it.
Why it matters
What the research shows
+25%
Hospital-acquired conditions after PE buyout.
↳ JAMA, 2023
+20%
Average price increase after PE acquisition.
↳ Health Affairs, 2022
11×
Growth in PE healthcare deals, 2010 to 2021.
↳ PitchBook
$1T+
PE capital into US healthcare since 2012.
↳ Center for Economic & Policy Research