Cardiovascular Associates of America (CVAUSA), a portfolio group of private equity firm Webster Equity Partners, announced on June 8 that it acquired Shore Heart Group for an undisclosed price.
Shore Heart Group provides cardiac care across seven locations in New Jersey. According to its website, the practice is run by 23 physicians and eight physician assistants.
CVAUSA is a physician management services organization headquartered in Celebration, Florida. Through CVAUSA’s physician-centered practice management model, physicians drive clinical care and their practice culture, while benefiting from the business expertise and shared resources available through CVAUSA.
This partnership provides CVAUSA with an expanded reach throughout New Jersey. According to its press release, this transaction brings CVAUSA’s total footprint to more than 80 locations across the United States.
According to data captured in the LevinPro HC database, this transaction represents the 263rd Physician Medical Groups acquisition of the year and the 13th in the cardiology specialty. This also marks CVAUSA’s third acquisition of 2023. During April 2023, the company purchased The Cardiac and Vascular Institute as well as Novocardia.
