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National Cardiovascular Partners Joins Forces with Two Cardiac Enterprises in Phoenix
Arizona Cardiovascular Institute & the Center for Cardiovascular Research and Education and Cardiovascular Consultants, Ltd. Join Nationwide Network of Outpatient Facilities
National Cardiovascular Partners, LP (NCP), a leading nationwide developer, manager and operator of outpatient cardiovascular facilities, today announced a majority interest acquisition in two enterprises in Phoenix, Ariz. offering cardiac care, ambulatory surgery and catheterization lab services: The Arizona Cardiovascular Institute & the Center for Cardiovascular Research and Education (ACI/CCRE) and Cardiovascular Consultants, Ltd. (CVC), a cardiovascular practice group.
As part of the agreement, NCP will assume the daily management and operations of ACI/CCRE, as well as credentialing, and administrative and billing functions ó freeing up the center's physicians to focus exclusively on providing the highest quality of patient care. ACI/CCRE will become part of the NCP network of 24 outpatient centers throughout the United States.
"Joining the NCP team is of great value to us and provides the opportunity to better service our patients and community," said Dr. Kishlay Anand, one of four physician partners at ACI/CCRE. "Our mission has always been to provide value to our patients by offering high quality and convenient outpatient care, and NCP not only shares this vision, but will help us elevate our services by allowing us to focus solely on operational excellence and ensuring the very best clinical outcomes."
ACI/CCRE's team of highly trained physicians and medical staff specialize in treating all types of cardiovascular disease in an outpatient Ambulatory Surgery Center (ASC) setting. The spectrum of treatments includes pacemaker and defibrillator implants/generator changes, cardiac catheterizations, peripheral interventions and varicose veins.
CVC was founded 32 years ago by Dr. Andrei Damian and has nine locations with 25 physicians and 200 staff members, serving the greater Phoenix Metropolitan area. CVC's team of highly trained physicians and medical staff cover the spectrum of cardiac services and are dedicated to meeting the needs of their patients and assisting them with living a healthful and productive life.
"We are pleased to become part of the NCP team," said Dr. Andrei Damian, President & CEO of CVC. "As our healthcare landscape continues to evolve, it is essential that medical practices provide patients with the highest quality, most convenient and efficient cardiovascular care available. We are happy to join forces with a partner who shares our vision and commitment to clinical excellence and patient satisfaction."
"We welcome ACI/CCRE and CVC to our family of high-quality cardiology centers," said Brian Gauger, President & CEO of NCP. "We are dedicated to supporting our physician partners so that they can focus 100 percent of their energy and effort on providing the very best and most clinically advanced care to their patients."
Huron Transaction Advisory, LLC (HTA), Huronís investment bank, served as exclusive financial advisor to CVC and ACI/CCRE in connection with the recapitalizations.
For more about ACI/CCRE, please visit its website at https://azcardiovascular.com/.
For more information about the CVC, please visit its website at http://cvcheart.com/.
For more information about Huron Transaction Advisory, LLC, please visit its website at http://huronconsultinggroup.com.
About National Cardiovascular Partners
National Cardiovascular Partners, a division of Fresenius Medical Care North America, partners with physicians to create, sustain and grow independent ambulatory surgery centers and catheterization labs. Their focus is on hybrid surgery center and outpatient cardiac catheterization lab services, in partnership with physician entrepreneurs. NCP currently operates 24 surgery centers throughout the US.
Learn more about NCP at https://fmcna.com/physician-solutions/cardiovascular-care/national-cardiovascular-partners/.
About Fresenius Medical Care North America
Fresenius Medical Care North America is the premier health care company focused on providing the highest quality care to people with renal and other chronic conditions. Through its industry-leading network of dialysis facilities, outpatient cardiac and vascular labs and urgent care centers, Fresenius Medical Care North America provides coordinated health care services at pivotal care points for hundreds of thousands of chronically ill customers throughout the continent. As the world's largest fully integrated renal company, it offers specialty pharmacy and laboratory services, and manufactures and distributes the most comprehensive line of dialysis equipment, disposable products and renal pharmaceuticals.
For more information, visit the FMCNA website at https://fmcna.com/.