‘We share a common vision’: Private equity-backed cardiology management group partners with MedAxiom, ACC
Cardiovascular Associates of America (CVAUSA), the private equity-backed cardiology practice management company operated by Webster Equity Partners, has entered a new partnership with MedAxiom, an American College of Cardiology company.
Under the new arrangement, all 17 like-minded cardiology practices under the CVAUSA umbrella will become MedAxiom members, giving them access to specific practice management tools and other resources. In addition, CVAUSA plans on educating MedAxiom and its members about “the emerging role of private equity in the cardiovascular space.”
There is already significant history between these two organizations. Tim Attebery, CVAUSA’s CEO, helped found MedAxiom more than two decades ago and served as the group’s CEO. He spent time as the ACC’s CEO as well.
“We are thrilled to have CVAUSA join MedAxiom as an industry partner,” Jerry Blackwell, president and CEO of MedAxiom, said in a prepared statement announcing the news. “MedAxiom is committed to being the trusted resource for the free exchange of ideas and education through our member network and the unrivaled repository of organizational performance benchmarking through our MedAxcess database. The depth, breadth, and vision of CVAUSA has been positioned among the avant-garde—and expands MedAxiom’s portfolio to educate its membership on private equity-sponsored care delivery organizations. Importantly, partnering with CVAUSA brings more than a dozen new cardiovascular organizations into our network with the expectation of mutual benefit.”
“I am very excited to establish a strategic partnership between CVAUSA and MedAxiom,” Attebery added in the same statement. “I’ve been involved with MedAxiom since its inception over 20 years ago and have the highest respect and admiration for Dr. Jerry Blackwell, the entire MedAxiom leadership team and MedAxiom’s many important contributions to the business of cardiology. We share a common vision: create a more effective and efficient cardiovascular care delivery system. One that reduces unnecessary emergency department visits and hospitalizations. A system that shifts care to lower-cost settings while optimizing quality, safety, access, equity, and patient experience.”
CVAUSA has been busy in recent months, acquiring two cardiology practices in September 2023 alone. Its roster includes more than 350 cardiologists and other cardiovascular physicians operating in eight U.S. states.
MedAxiom has been just as busy. Click here for key takeaways from the company’s new report on compensation, production and other key trends among US cardiologists.
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.