Monday, December 27, 2010

CHS to buy cardiology practice, expand - Charlotte Business Journal:

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The 34-year-old cardiology group includes 13 physicians practicing at seven locations acrossthe region. "The close cooperation between Carolinas Medical Center hospitals and Charlotte Cardiology Associates goes back many yearws in serving patients in the Charlotte says Dr. F. Scotrt Valeri of Charlotte Cardiology. "Now we are able to look forward to an even closert and morebeneficial relationship." It is the second major cardiologyt practice that has sold to a hospital network this following 's deal with that makes the 30-physiciab practice part of the Presbyterian Medical Group.
Cardiology practicesw have been popular acquisitionsfor Charlotte's two competing hospita l systems. Health-care analysts say this month's deal s leave few, if any, large cardiology practices operating as InMarch 2005, Carolinas HealthCare acquired The . Sanger is the oldest and largest cardiology groupin Charlotte, and it is one of the largesrt specialty practices in the With more than 60 physicians in 10 locations, the clini c had a longstanding relationship with the at Carolinas Medicaol Center, Carolinas HealthCare's flagship hospital in Charlotte.
Charlottre Cardiology will not be merged into the Sanger Clinid as part of the latest saysScott White, Carolinad HealthCare spokesman. "We are honored to have this practice and the dedicatee clinical and support staff become part of the CarolinaePhysicians Network," he says. "Since this is a new it will take some time to evaluate how best to serve the patients ofboth practices." Expansion of the Charlotter Cardiology offices is not out of the questiomn in the future, but it is not an immediate White says. Financial terms of the acquisitionb werenot disclosed.
Charlotter Cardiology physiciansprovide hospital-based service s in Pineville, Matthews, in addition to Stanly and Union "Charlotte Cardiology Associates has a distinguished history of providiny cardiac care to Charlotte and the surrounding says Joseph Piemont, Carolinas HealthCard executive vice president and president of the Carolinax Physicians Network. "Working togethere through this combination of outstandin physicians and staff will help meet the demand for cardiology services more effectively in thisgrowing

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