Cardiology Market Insights Spring 2023
Hyde Park Capital
One of the most active and rapidly growing investment banking boutiques in the USA specializing in sell-side M&A.
The #cardiology physician market in the U.S., which generates approximately $51 billion annually, is highly fragmented, with 80% of the market dominated by local and regional practices of five physicians or less.
Strong sector tailwinds and expansion dynamics signal hearty growth opportunities for cardiology practices. Private equity buyers are eager to invest as the practice area offers multiple revenue sources from a variety of ancillary services including ambulatory surgery centers (“ASCs”) and in-office diagnostic procedures.
CMS 2020 final rulings added 23 cardiovascular CPT codes to a growing list of covered ASC cardiovascular procedures in an outpatient setting, stimulating an increase in procedure volume to independent practices with ASCs, thus increasing specialty revenue and investor interest.
To view and download the full report which includes an overview of existing Cardiology platforms, investors, and recent transactions in the space please follow the link below.