Private equity-backed cardiology management group acquires 4th Florida practice of 2023
Cardiovascular Associates of America (CVAUSA), the private equity-backed cardiology practice management company operated by Webster Equity Partners, has expanded its footprint in the Sunshine State yet again with the acquisition of Kissimmee-based Cardiovascular Associates (CA).
CA employs a team of nine cardiologists and four nurse practitioners who work out of five area locations. CA’s cardiologists are also affiliated with eight different hospitals.
“CA couldn’t be more excited to join CVAUSA and partner our practice with an organization that prides itself on patient satisfaction and next-generation care delivery,” Patrick Mathias, MD, an interventional cardiologist with CA, said in a prepared statement. “Our practice has been servicing Central Florida residents for over 40 years. Together with CVAUSA, we will excel to new levels and be able to provide our patients with the top-level care they have come to expect throughout the organization and at our various locations. With this strategic alliance, we will continue to deliver quality care and treatment to the families we serve while providing affordable cardiac care.”
“CVAUSA’s presence in Florida continues to expand with our first Orlando area partnership,” added CVAUSA CEO Tim Attebery. “I am delighted to work with the excellent physicians and staff at Cardiovascular Associates based in Kissimmee. This group has a longstanding A+ reputation in the Orlando region, and I know that firsthand since I reside in Orlando. CVAUSA looks forward to helping CA grow, open new offices, recruit new physicians, add new services, and offer innovative ways to serve their patients better while also lowering the total cost of cardiovascular care.”
Cardiovascular Associates of America continues to grow in Florida
CVAUSA, which calls Orlando home, has made increasing its presence in Florida a top priority in 2023. The group acquired The Cardiovascular Institute of Central Florida back in February, The Cardiac and Vascular Institute in May and Bay Area Cardiology and Vascular Associates in June.
CVAUSA also announced the addition of New Jersey-based Shore Heart Group to its growing network of like-minded cardiology practices in June.
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.