Private equity-backed cardiology management group expands Florida footprint again with latest acquisition
Cardiovascular Associates of America (CVAUSA), the private equity-backed cardiology practice management company operated by Webster Equity Partners, has acquired Daytona Heart Group (DHG), a Florida-based practice with locations in Daytona Beach, Edgewater, Port Orange, Deltona, Deland, and Orange City. This represents the sixth Florida practice CVAUSA has acquired in 2023 alone.
DHG has a team of 13 cardiologists as well as four advanced practice nurses and more than 100 additional employees. The practice, which first opened its doors back in 1975, offers a wide range of cardiovascular services, including full-service care, interventional procedures, electrophysiology procedures, diagnostic testing and cardiac imaging.
“I am very proud that DHG decided to partner with CVAUSA,” Tim Attebery, CVAUSA’s CEO, said in a prepared statement announcing the news. “We share a common vision and commitment: provide the highest quality cardiovascular care with convenient, timely, and equitable access in the most efficient manner possible.”
“DHG could not be more excited to join CVAUSA, which is bringing hundreds of cardiologists together in a collaborative physician-led effort to promote best practices that will transform and improve health care delivery to our patients,” added Vance Wilson, MD, a senior partner with DHG. “This will expand our ability to attract more cardiologists to provide quality care for the increasing population in our service area and provide resources to optimize the use of field-changing technologies.”
Cardiovascular Associates of America inks another big deal in the Sunshine State
CVAUSA, which calls Orlando home, has expanded its footprint in Florida multiple times in 2023. The group acquired The Cardiovascular Institute of Central Florida back in February, The Cardiac and Vascular Institute in May, Bay Area Cardiology and Vascular Associates in June, Cardiovascular Associates in July and the Cardiovascular Center of Florida in early September.
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.