Center for Vein Restoration (CVR) announced that it acquired Vein Specialists of the Carolinas.
Vein Specialists of the Carolinas is a vascular specialist practice with two locations in the Charlotte, North Carolina MSA: Charlotte and Gastonia. According to its website, the practice is run by two physicians (Dr. David Draughn and Dr. Paul Putterman) who are supported by a team of 20.
CVR, a portfolio company of Cortec Group, is one of the largest physician-led practices treating vein disease in the country. With more than 100 centers, CVR has more than 500 employees and conducts more than 200,000 patient interactions annually.
By adding Vein Specialists of the Carolinas, CVR is expanding its nationwide presence, bringing advanced, personalized treatment for chronic venous insufficiency to more patients. The financial terms were not disclosed.
According to data captured in the LevinPro HC database, this transaction marks the 304th Physician Medical Group transaction of 2024, and the ninth in the cardiology specialty. This is also Center for Vein Restoration’s first acquisition of 2024. In 2023, the company completed one transaction.
