On October 21, Provident Healthcare Partners announced that it acted as an advisor to Birmingham Heart Clinic as it was purchased by US Heart & Vascular (USHV).
Birmingham Heart Clinic is based out of five locations in the Birmingham, Alabama MSA. The practice is focused on providing the full spectrum of cardiovascular care. According to its website, there are 16 physicians on staff.
Formed in 2021 and headquartered in Nashville, Tennessee, USHV is a national provider of support services to cardiovascular physician practices. USHV has partnerships with eight practice affiliates in Arizona, Texas and Kansas and approximately 160 physicians. In addition, USHV is actively pursuing new practice affiliations across the United States. It is managed by the private equity group Ares Management.
This represents US Heart & Vascular’s first acquisition of the year. The financial terms were not reported.
According to data captured in the LevinPro HC database, this acquisition marks the 391st Physician Medical Group (PMG) transaction of the year, and the 12th in the cardiology specialty. Between January 1, 2023, and October 21, 2023, there were 443 PMG acquisitions reported, and 27 cardiology deals.
