Today, Heart & Vascular Partners (HVP), based in Deerfield, IL announced a strategic partnership with St. Louis Heart and Vascular (SLHV) headquartered in Bridgeton, MO. Established in 1993, SLHV is the largest independent, full-service cardiology and vascular practice in the region, serving the community with seven office locations across Missouri and Illinois. Their services encompass the full spectrum of cardiac and vascular care, including minimally invasive procedures, surgical interventions, and the management of chronic conditions. Through the new partnership, HVP will provide SLHV with scalable business operations support while investing to grow through expansion of services offered and increased access to outpatient modalities.
Dr. Harvey Serota, President of SLHV commented “In its commitment to excellence, HVP is dedicated to supporting practices in realizing the full potential of independent practice and investing to expand access from a position of strength. Central to this mission is the paramount emphasis on provider autonomy. This approach underscores HVP’s unwavering focus on enabling its partners to deliver exceptional healthcare outcomes while empowering healthcare providers.” Dr. Pradeep Chandra of SLHV further stated, “Drawing upon their expertise in establishing and driving improvements at successful cardiovascular sites of care, HVP offers physicians the necessary expertise, resources, and capital to expedite scaling and enhance patient access. United by a mutual dedication to excellence in cardiovascular care delivery, we are delighted to welcome our new partner to the SLHV community.”
“Heart & Vascular Partners is honoured to collaborate with SLHV, joining forces with its esteemed members and industry leaders” said Bill Drehkoff, Chief Executive Officer (CEO) of HVP. “We are excited by the opportunity to partner with this team in an attractive St. Louis market – our sixth, nationally – and look forward to getting to work on a number of high-impact initiatives we have carefully planned with them.”
SLHV was represented by Merritt Healthcare Advisors (“MHA”), a national advisory firm that helps physicians and owners of healthcare facilities evaluate strategic options for their organizations. John Carron, a Partner at Merritt Healthcare Advisors stated, regarding the transaction, “Merritt is pleased to have been chosen by the physician owners of SLHV to represent them in its exciting new partnership with HVP, giving their practice more scale and resources to provide high-quality, convenient and affordable care to patients in its existing region and beyond.”
St. Louis Heart and Vascular (SLHV)
St. Louis Heart and Vascular (SLHV) is a leading medical practice renowned for state-of-the-art cardiology care. With seven office locations in the St. Louis area, their nationally recognized physicians and professional staff are committed to delivering comprehensive cardiovascular and vascular care. Services range from preventive care to the treatment of specific conditions, encompassing minimally invasive procedures, surgical interventions, and chronic condition management.
About Merritt Healthcare Advisors
Merritt Healthcare Advisors is the leading provider of merger and acquisition services for healthcare businesses, including surgery centers, physician practices, and ancillary service providers. As the only M&A advisory firm with active clinical operations, Merritt has an unmatched perspective when it comes to obtaining optimal valuation for our clients. Having completed more than $5 billion in healthcare transactions across the United States since 2005, Merritt helps clients realize the true value of their assets, source relationships of strategic value, and ultimately manage the process of achieving a successful transition. The principals of Merritt acted in their capacity as licensed investment banking agents of Burch & Company, Inc., member FINRA/SIPC. For additional information on Merritt Healthcare Advisors, please visit https://merrittadvisory.com/.
About Heart & Vascular Partners (HVP)
Heart & Vascular Partners (HVP) is a management services organization dedicated to partnering with, and supporting, cardiology and vascular practices across the U.S. HVP supports the independent practice of medicine and the opportunity for physicians to expand the breadth and reach of their practices to recognize the value that high-quality cardiovascular clinical services deliver. To learn more, please visit https://heartandvascularpartners.com/.