Cardiology Private Equity - Physician Growth Partners

Cardiology Private Equity

April 2022

Cardiology is one of the newer sectors seeing interest from private equity and activity is ramping up. We have seen 7 organizations enter this market over the last 2 years with 4 coming online over the last 12 months.

There is no question that cardiology is in the infancy stages of a significant consolidation wave similar that seen in dermatology or gastroenterology. While cardiology is much newer from a consolidation standpoint, the tailwinds are unmatched.

  • Significant procedure flow moving from hospital-based to physician-owned settings
  • Hospital employment agreements with previously acquired Cardiologists are expiring rapidly
  • Enhanced Medicare reimbursement for value-based initiatives such as Chronic Care Management and Remote Patient Monitoring

Early movers have opportunities to select some of the best PE partners and get a head start consolidating regionally.

Cardiology private equity

Select Recent Private Equity Transactions in the Cardiology Space

DateTargetSponsorPlatformState
January 2022My CardiologistDeerfield ManagementNovocardiaFlorida
December 2021Cardiovascular MedicineWebster Equity PartnersInitial Platform (Cardiovascular Associates of America)Iowa
November 2021Cardiovascular Health ClinicAssured Healthcare PartnersInitial Platform (Cardiovascular Health Partners)Oklahoma
November 2021USHPSilversmith Capital PartnersInitial PlatformIllinois
July 2021First Coast Heart & VascularDeerfield ManagementNovocardiaFlorida
November 2020Cardiovascular & Arrhythmia InstituteBain CapitalNational Cardiovascular Partners and Azura Vascular CareArizona
November 2020Partners First CardiologyVarsity Healthcare PartnersPartners First CardiologyTexas
April 2019Arizona Cardiovascular Institute & the Center for Cardiovascular Research and EducationBain CapitalNational Cardiovascular PartnersArizona
April 2019Cardiovascular Consultants, LTDBain CapitalNational Cardiovascular PartnersArizona
February 2019Sunset CardiologyComvest Partners and Athyrium Capital ManagementIMC Health Medical CentersFlorida
March 2017St. Louis Cardiovascular InstituteUnitedHealthSurgical Care AffliatesMissouri
January 2014National Cardiovascular PartnersBain CapitalNational Cardiovascular PartnersTexas
UndisclosedCardiothoracic & Vascular Surgical AssociatesAshlar CapitalCardiothoracic & Vascular Surgical AssociatesFlorida

About Our Firm

Physician Growth Partners (PGP) is a transaction advisory firm that represents independent physician groups in transactions with private equity

Differentiated Healthcare Transaction Advisors:

  • Senior partner involvement at every stage of the process
  • Extensive physician practice transaction experience
  • Unmatched relationships with all key private equity and strategic buyers interested in Cardiology
  • Educational approach focusing on both partnership and cultural fit, while simultaneously achieving a market-clearing valuation

Learn More About Cardiology Private Equity

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