Delaware Physicians Group to Acquire Cardiac Monitoring Center Shares

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Delaware Physicians Group acquires an interest in a medical device monitoring company.

A group of Delaware physicians, led by Dr. Allen Davis and Dr. Joseph Pennington, today announced the acquisition of a controlling interest in Cardiac Monitoring Center (CMC), a St. Petersburg based pacemaker and defibrillator monitoring clinic.

The company has a strong presence in the west coast of Florida, the mid-west and mid-south states. The synergies of the venture will create the opportunity for CMC to expand into the mid-Atlantic pacemaker / ICD monitoring services market.

Current Management and Staff will continue providing the excellent care and outstanding service which they are known for in the medical community.

The company was founded in 1987 and is a St. Petersburg, Florida based Independent Diagnostic Testing Facility. They provide comprehensive “in home” monitoring for patients with all manufacturers of implanted defibrillators and pacemakers. One of their notable strengths is that their technicians maintain personal relationships with the patients and go the “extra mile” to provide an extraordinary service to the patients.

Over the years CMC has monitored and assisted in the care of over 20,000 device patients and have grown to monitor patients for cardiologists and physicians throughout the United States.

The transition to the new owners is planned to occur over the coming months.
Terms of the share purchase were not disclosed.

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Pete Adams