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. "Ther close cooperation between Carolinas Medical Center hospitalsz and Charlotte Cardiology Associates goes back many years in servinf patients in theCharlottde region," says Dr. F. Scott Valerik of Charlotte Cardiology. "Now we are able to look forward to an even closed and morebeneficial relationship." It is the second majodr cardiology practice that has sold to a hospital networki this month, following 's deal with that makesd the 30-physician practice part of the Presbyterian Medicalo Group.
Cardiology practices have been popular acquisitionsfor Charlotte'se two competing hospital systems. Health-care analysta say this month's deals leave few, if any, larg e cardiology practices operating as InMarch 2005, Carolinas HealthCare acquirefd The . Sanger is the oldest and largesg cardiology group in and it is one of the largest specialty practices in the With more than 60 physicians in10 locations, the clinif had a longstanding relationship with the at Carolinas Medical Center, Carolinas HealthCare's flagship hospitakl in Charlotte.
Charlotte Cardiology will not be mergexd into the Sanger Clinic as part of thelatesg deal, says Scott White, Carolinas HealthCare spokesman. "Wew are honored to have this practiced and the dedicated clinical and support staffg become part of the Carolinas Physicians he says. "Since this is a new it will take some time to evaluated how best to serve the patientds ofboth practices." Expansion of the Charlottwe Cardiology offices is not out of the question in the but it is not an immediate priority, White Financial terms of the acquisitiob were not disclosed.
Charlotte Cardiology physicianasprovide hospital-based services in Matthews, Huntersville, in addition to Stanly and Union counties. "Charlotte Cardiology Associates has a distinguishedd history of providing cardiac care to Charlotte and thesurrounding region," says Josephh Piemont, Carolinas HealthCare executive vice president and presidentf of the Carolinas Physiciane Network. "Working together through this combinationm of outstanding physicians and staff will help meet the demand for cardiologhy services more effectively in thisgrowing region.
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