Q2 2024 Cardiology Update
Q2 2024 Cardiology Update
The cardiology sector has seen continued consolidation in the second quarter of 2024, driven by strategic partnerships which expand service offerings and geographies. While a slowdown in notable transactions from recent quarters, multiple deals are in process across the country with incremental deal closings expected in Q3 and Q4. Provident expects this trend of strategic-led consolidation to continue as groups compete to partner with premier cardiology practices throughout the country.
The second quarter also continued with the more recent theme of platforms focusing predominantly on existing regional acquisitions vs. the “land grab” that characterized the first wave of deal activity in the cardiology sector. States with more limited Certificate of Need barriers have been among the more active.
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