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Provident Healthcare Partners Provident Healthcare Partners

Q3 2023 Cardiology Update

Provident Healthcare Partners
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Q3 2023 Cardiology Update

The cardiology specialty has quickly become one of the most active and sought after areas within physician practice management. The third quarter saw six transactions close in the sector with a few sizeable strategic add-on deals, including Provident’s representation of a 60+ provider Northeast cardiology practice in a partnership with an undisclosed private equity-backed group. Significant competition in the specialty from new and established groups is driving elevated multiples for clinically strong provider groups.

Provident expects this trend to continue in the coming quarters, with strategic acquirers competing for premium add-on assets to further build regional density and expand into new catchment areas. Additionally, we expect to see strategic acquirers looking for ways to drive strategic value for affiliate practices, exemplified by CVAUSA’s recent value-based care partnership with InnovaCare in Florida.

To print and download the full Cardiology Update report, please click below…

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