RC Capital (“RCC”), a healthcare-focused private equity firm, announced that it has closed a growth investment in James River Cardiology (“JRC”) to form Aligned Cardiovascular Partners (“AlignedCardio”).
AlignedCardio brings together leading cardiovascular physicians who share a common vision: to deliver the highest quality patient care while improving access to innovative cardiovascular solutions that effect positive change in the healthcare system for payors. AlignedCardio will bring a collaborative approach to its partner clinicians with a focus on enabling their individual practice goals while also providing the full suite of support services and practice development capabilities. Rob Jardeleza, a cardiology sector veteran with extensive expertise developing ancillary services in cardiovascular medicine in the outpatient setting and in partnership with hospital systems, will join AlignedCardio as CEO.
Founded by Dr. Mitesh Amin, James River Cardiology has established a strong presence and has been the fastest growing practice in the cardiovascular care sector across the greater Richmond market. James River Cardiology operates across six clinics in and around the greater Richmond market and maintains a firm commitment to growth, improving patient access and to excellence in patient care.
“We’re excited to partner with RC Capital who brings to bear an impressive track record of successfully building market leading platforms that empower providers to concentrate on enhancing patient care and outcomes,” says Dr. Amin. “Finding a partner who appreciated our relentless dedication to clinically differentiated and consistent patient care was of utmost importance to the James River Cardiology team. We are thrilled to have found that with RCC.”
Rob Heimann and Vitaly Goldfeder from RC Capital will join the AlignedCardio Board of Directors in conjunction with the growth investment. “We believe that AlignedCardio’s innovative approach will enable our partner clinicians to deliver the highest-quality cardiovascular care to the Richmond community and beyond,” says Heimann, Managing Partner at RCC. “We are honored to partner with Dr. Amin and James River Cardiology. RCC’s investment reflects our confidence in the exceptional vison, leadership and clinical expertise of the James River team,” Goldfeder added.
In 2023, the M&A market for healthcare companies continues to build on STRATEGIC opportunities in the current market. The strategic corporate buyers and private equity investors remain committed to acquiring strong businesses that are well prepared for a transaction. Across the continuum of care, these buyers and investors are looking for well established, profitable businesses and offering prime valuations and options for management.
Do you know the current market value of your business? We do! We are here to help you plan, prepare, explore and succeed in executing your strategic options.
Contact Paragon Ventures for more information.
800-719-1555
