In 1999, Kristie Schmidt, an internal medicine physician, opened a practice in Millerton, N.Y., just a mile from the Connecticut border.
The office was located in a cozy, refurbished barn. Sharon Hosp.
As of January, hospitals owned 26% of physician practices nationwide, up from 14% a decade ago. An additional 27% of practices were owned by a corporation, such as a health insurer or a private equity firm, leaving fewer than half of physician practices under independent ownership.
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