The number of private equity-backed cardiology platforms has more than doubled since 2022, according to an October 2024 corporate finance report by KPMG.
According to the report, which analyzed cardiology deal activity in 2023, four groups emerged as having the highest number of acquisitions in one year.
Here’s a breakdown of each group and their recent moves:
1. Cardiovascular Associates of America (CVAUSA)
- Headquarters: Celebration, Fla.
- Number of acquisitions in 2023: 9
- Number of physicians: 330+
- Recent activity: In June, CVAUSA formed a partnership with HybridChart, a cloud-based rounding platform.
2. US Heart & Vascular
- Headquarters: Franklin, Tenn.
- Number of acquisitions in 2023: 6
- Number of physicians: 200+
- Recent activity: Most recently, US Heart & Vascular expanded into Kansas by forging a partnership with Wichita-based Heartland Cardiology.
3. Cardiovascular Logistics:
- Headquarters: Houma, La.
- Number of acquisitions in 2023: 3
- Number of physicians: 150+
- Recent activity: In April, Cardiovascular Logistics partnered with Cardiology Consultants of Philadelphia.
4. Heart & Vascular Partners
- Headquarters: Deerfield, Ill.
- Number of acquisitions in 2023: 3
- Number of physicians: 65+
- Recent activity: In November 2024, Heart & Vascular partners broke ground on a medical office building with Colorado Springs Cardiology that will feature catheterization labs and an operating room.
