“Atria Heart is comprised of young, compassionate, high-quality, top-tier cardiologists from the best cardiovascular fellowship training programs in the U.S.,” added Tim Attebery, CEO of CVAUSA. “They have built a strong, vibrant group serving an important and quickly growing region within the greater Phoenix metro area. Atria Heart had many partnership options, and I am honored they chose CVAUSA. In addition to being one of the premier cardiology groups in the country, they have a novel, value-based strategic alliance with HonorHealth, which CVAUSA fully supports.”
Private equity and cardiology
Private equity’s rising influence in cardiology has been one of the specialty’s biggest stories in recent years. It was one of the hottest topics at ACC.24, the recent annual meeting of the American College of Cardiology, and CVAUSA even had a booth at the show to meet with potential partners.
In February 2023, Attebery spoke with Cardiovascular Business about this ongoing trend, noting that the rising costs of care have made it much harder for private practices to get by without outside funding.
Not everyone in healthcare is as excited about private equity’s rise in cardiology and other specialties. For example, a group of physicians recently launched the Coalition for Patient-Centered Care, a new organization focused on reducing the involvement and influence of private equity-backed entities throughout the American healthcare system. In addition, survey data released in March suggest a majority of U.S. physicians think private equity could have a negative impact on patient care.
