Alexian Brothers Health System reached an agreement to acquire Cardiovascular Associates, a specialty medical group with 17 physicians, according to an e-mailed news release from Alexian Brothers.
Alexian looks to buy cardiology group
The prospective partners signed a letter of intent on the deal, which is expected to close by the end of the summer, an Alexian Brothers executive said. Alexian Brothers—which also signed a letter of intent in April to be acquired by Ascension Health, St. Louis—said in the release that the Cardiovascular Associates deal is expected to help launch the system's heart and vascular institute this summer.
Arlington Heights, Ill.-based Alexian Brothers owns three hospitals. Cardiovascular Associates, a 25-year-old physician group, employs 60 people and operates four offices, specializing in noninvasive and invasive cardiology, interventional cardiology and electrophysiology, according to the release.
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