Westcove Partners LLC (“Westcove”), an emerging and highly specialized investment bank, announced that it acted as the exclusive financial advisor to Advanced Cardiovascular Specialists, LLP (“ACS”) in its partnership with Heart & Vascular Partners (“HVP”), a portfolio company of Assured Healthcare Partners (“Assured”). ACS is the leading cardiovascular practice in Southeast Texas. The terms of the transaction were not disclosed. Westcove’s deal team included Justin Hand, Managing Director; Abe M’Bodj, Vice President; Dimitri Michalakis, Associate; and Rebecca Phuong, Associate.
ACS, based in Beaumont, Texas, has a team of seven physicians across four locations and has been a long-standing member of the Southeast Texas community since its inception in 1957. All ACS physicians provide quality cardiovascular services personalized for each patient and have extensive experience in treating various cardiovascular conditions. Bringing ACS into its network, HVP will expand its footprint into Texas. HVP is a management services organization supporting independent cardiovascular practices across the United States.
Dr. T. Randolph Lombardo, President of Advanced Cardiovascular Specialists, stated, “The Westcove team provided our group with critical information, advice, and support in securing a partnership with our new business partner. They were always available to ensure our transaction was moving forward to a successful closure.”
Abe M’Bodj of Westcove comments, “It has been a privilege and pleasure representing ACS in this transaction. We are excited to see ACS grow as HVP’s platform practice throughout Southeast Texas. We are confident that ACS will continue to flourish and grow through this transaction as the cardiology specialty continues to consolidate.”