Provident Healthcare Partners (“Provident”), a leading healthcare investment banking firm, announced it has advised Florida Heart Associates (“FHA”) in its acquisition by Lee Health. FHA is a leading provider of cardiovascular care in Southwest Florida with a footprint spanning two clinics and one ambulatory surgery center. The FHA provider base consists of 16 cardiologists and 12 advanced practice providers dedicated to providing comprehensive, high-quality general, nuclear, and interventional cardiology care.
Provident’s deal team was led by Managing Director Eric Major and Director Conor Duffey. Quarles & Brady LLP served as legal counsel to Florida Heart Associates.
“As CEO of a private cardiology practice, I found working with Provident Healthcare Partners throughout the sale of our practice was an exceptional experience from start to finish,” commented Connie Richards, Chief Executive Officer of FHA. “Their team demonstrated professionalism, integrity, industry expertise, and unwavering support during every phase of the transaction. I would highly recommend them to any healthcare organization considering a strategic partnership or practice transition.”
“Selling our cardiology medical practice was a complex and emotional process, but Provident guided us with confidence, transparency, and strategic insight,” stated Jeffrey H. Rosen, MD, FACC, Interventional and General Cardiologist. “They took the time to truly understand our organization, our physicians, our staff, and our long-term goals to ensure we found the right partner for the future of our practice and our patients. We sincerely appreciate their dedication and expertise and would highly recommend them to any healthcare organization.”
“FHA and Lee Health have closely collaborated on providing high quality cardiology services in Lee and Collier counties for many years, and this transaction represents a natural evolution of their partnership. Congratulations to both organizations,” commented Eric Major of Provident.
About Florida Heart Associates
Headquartered in Fort Myers, FL, Florida Heart Associates provides a full-continuum of cardiovascular care services to all patients across two full-service clinics and an ASC located in the Southwest Florida region. Founded in 1996, the Company has built a significant presence in its market through continuously exceptional clinical outcomes, bolstered by its high-quality provider team and deep-rooted community relationships. Visit www.floridaheartassociates.com to learn more.
About Lee Health
Lee Health is a premier cardiovascular care provider in Southwest Florida, operating as a nonprofit integrated health system since the opening of its first hospital in 1916. Backed by decades of clinical excellence and deep community roots, Lee Health’s distinguished team of physicians delivers exceptional, patient-first care across its 100+ practice locations throughout Southwest Florida. Visit www.leehealth.org to learn more.
About Provident Healthcare Partners
Provident is a leading healthcare investment banking firm specializing in merger and acquisition advisory, strategic planning, and capital formation services for healthcare companies. The firm has a comprehensive knowledge of market sectors and specialties, including physician practice management. Provident also has unsurpassed experience and insight into the M&A process, which includes working with a multitude of investors such as private equity firms and strategic consolidators. For additional information, visit www.providenthp.com or follow Provident on LinkedIn.
Contact:
Provident Healthcare Partners
Eric Major
617-226-4212
emajor@providenthp.com
