Private equity investors have grown more and more interested in cardiology in recent years. Why the sudden shift? And what does it mean for patient care going forward? 

The practice and many of its cardiologists allegedly submitted false claims to Medicare, Medicaid, TRICARE and the Federal Employee Health Benefits Program. 

The private equity-backed organization now has eight partner practices in its network. 

"This transaction reflects our mission to become the leading musculoskeletal technology company in the world by developing products that promote healing in patients with musculoskeletal disorders," said Dan Scavilla, president and CEO of Globus Medical.

It’s not even Valentine’s Day yet, but February has already been a big month for fundraising in the cardiology space.

In fact, 2022 was “easily” the second-best year for private equity healthcare services dealmaking, behind 2021.

The plan, if finalized, increases payments for MA plans by 2.09%, or 1.03% after adjusting for star rating changes.

The move could reclaim overpayments of an estimated $479 million from 2018 and $4.7 billion over 10 years.