Private equity-backed cardiology management group acquires Florida practice with team of 26 cardiologists
Cardiovascular Associates of America (CVAUSA), the private equity-backed cardiology practice management company operated by Webster Equity Partners, has acquired The Cardiac and Vascular Institute (TCAVI), a Florida-based cardiovascular group now in its sixth decade of operation.
The acquisition represents a significant addition to CVAUSA’s network of like-minded cardiologists. TCAVI employs a team of 26 cardiologists who offer hospital- and office-based services. The team works out of three locations in the Sunshine State, including two in Gainesville and a third in Lake City.
“It is a high honor and distinct privilege to partner with TCAVI,” Tim Attebery, CVAUSA CEO, said in a prepared statement. “They had many strategic options, and we are very excited that the excellent physicians at TCAVI selected CVAUSA. TCAVI is nationally recognized as a premier cardiovascular group practice. Over a 50 year-plus time period, they have built a world-class operation offering the highest quality care to patients with various forms of cardiac and vascular disease. We look forward to supporting TCAVI physicians and staff as they expand services and offer new ways of helping patients optimize their cardiovascular health.”
“We are excited to join this esteemed network of cardiovascular physicians and CVAUSA which is leading the advancement of cardiovascular care for patients in the region, throughout the state and on the national level,” added Michael Jansen, MD, medical director of TCAVI. “This partnership will propel our growth and allow us to tap into an esteemed group of cardiologists to share learnings and advances in technology driving patient outcomes.”
The move helps expand CVAUSA’s presence in Florida. Back in February, the group added the Cardiovascular Institute of Central Florida to its network.
Cardiovascular Business spoke with Attebery in February about the continued rise of private equity in cardiology. Read the full interview here.
Michael has more than 18 years of experience as a professional writer and editor. He has written at length about cardiology, radiology, artificial intelligence and other key healthcare topics.