Cardiovascular Associates of America (CVAUSA), a portfolio group of private equity firm Webster Equity Partners, has acquired Bay Area Cardiology Associates P.A. for an undisclosed price.
Westcove Partners acted as the exclusive financial advisor to Bay Area Cardiology in the partnership.
Bay Area Cardiology is a cardiovascular group practice with four locations across the Tampa MSA. Bay Area Cardiology has served patients in the region for more than 30 years. According to its website, the practice has 15 providers on staff.
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.
According to data captured in the LevinPro HC database, this transaction represents the 285th Physician Medical Groups acquisition of the year and the 16th in the cardiology specialty. This also marks CVAUSA’s fifth acquisition of 2023. Earlier in June, the company partnered with Shore Health Group for an undisclosed price.
