Private equity-backed cardiology management group acquires another Florida practice, its 5th of 2023
Cardiovascular Associates of America (CVAUSA), the private equity-backed cardiology practice management company operated by Webster Equity Partners, has finalized another partnership in the state of Florida with its acquisition of The Cardiovascular Center of Florida (CVCFL). The Orlando-based practice has been in business for more than 30 years.
“The CVCFL physicians have demonstrated great courage and an unwavering commitment to their patients,” Tim Attebery, CVAUSA’s CEO, said in a statement announcing the news. “Against all odds and many significant hurdles, CVCFL has built an independent practice that puts patients first, prioritizing patients before profits. CVAUSA supports CVCFL’s vision to provide the highest quality cardiovascular care at the lowest possible price: Saving lives and reducing the total cost of care. This is a winning combination.”
Going forward, CVCFL will be led by Mark Steiner, MD, a veteran of the Orlando area who specializes in both general and interventional cardiology.
“I am honored to be leading this group as it starts a new path with a collaborative and patient-centered approach to deliver the best care possible with a vision to restore genuine patient care, where patients are embraced promptly, heard empathetically, and treated comprehensively in a care setting that emphasizes preventive measures to proactively keep patients out of the hospital,” Steiner said in the same statement.
The announcement highlighting the acquisition also included details on a new hire for CVCFL: Tom Leach, an experienced healthcare executive, has been hired to be practice’s new CEO. Leach recently served as the CEO of the Medical Center Radiology Group and spent more than 20 years as a healthcare administrator for the U.S. Navy.
“The physicians and staff at CVCFL are committed to delivering high quality, accessible and affordable cardiovascular care throughout the Orlando metro region,” Leach said. “Our team is driven to hold each other accountable and put our patients first.”
Cardiovascular Associates of America still making big moves in Florida
CVAUSA, which calls Orlando home, has expanded its footprint in the Sunshine State 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 and Cardiovascular Associates in July.
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.