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Provident Healthcare Partners Provident Healthcare Partners

Q4 2023 Cardiology Update

Provident Healthcare Partners
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Q4 2023 Cardiology Update

The cardiology specialty remains an active and sought after area within physician practice management. Fourth quarter transactions consisted of three add-on acquisitions and one new platform formation. Established platforms remain acquisitive as they look to further their regional footprints through these add-on transactions. Significant competition in the specialty from new and established groups is driving elevated multiples for premier cardiology groups.

2023 was a highly active, breakout year for the cardiology industry as new platforms formed and a number of add-on transactions were completed. Provident expects new platform formation to slow in 2024 as many scaled organizations have already pursued transactions, but add-on activity is expected to remain robust.

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

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