Substantial Investment from Healthcare Growth Equity Firm Cypress Ridge to Accelerate Expansion
NEW YORK, Aug. 11, 2022 /PRNewswire-PRWeb/ -- atria health, a value-based provider of technology and administrative support services to cardiovascular care physicians, today announced its formal launch. The physician-owned company empowers community cardiologists through a highly integrated, partnership approach. atria is uniting a network of high-performing heart specialists, leveraging its purpose-built, technology-enabled operating model to drive care innovation. atria serves as a long-term partner to cardiologists, enabling its partner practices to remain truly independent and thrive in a system increasingly focused on value, not volume.
Cypress Ridge Capital, a healthcare-focused growth equity firm, has made a significant investment in the company to support its current growth plans and to advance atria's next generation partnership model.
"Cardiac care delivery in the U.S. is at an inflection point and in need of innovation," said Andrew Pardo, Cypress Ridge Managing Partner. "For too long, we have relied upon higher-cost, lower-quality cardiovascular care models. These options have resulted in coordination issues driven by fragmented patient care journeys and a lack of physician alignment."
"Despite their importance, community cardiology practices face significant headwinds, including increasing pressure from health systems, inadequate time and resource to foster clinical innovation, and an accelerating shift to alternative payment models," said Chris Petrini, Cypress Ridge Managing Partner. "We look forward to working with the atria team to expand the company's footprint and help its partner practices transform care delivery nationally."
In addition to Mr. Pardo and Mr. Petrini, the atria health Board includes key clinical decision makers and industry experts from other leading value-based care delivery platforms. Each of these individuals has been instrumental in the formation of atria.
About atria health
atria health is a physician-owned practice support organization. The company enables a network of high-performing, community-based heart specialists to redefine the role of the physician in cardiac care. For more information, please visit http://www.atriahealth.co.
About Cypress Ridge Capital
Cypress Ridge Capital is a U.S. growth equity firm focused exclusively on healthcare. The firm takes a highly thematic approach to healthcare investing, leveraging deep industry expertise and an extensive network of functional experts to identify and execute investments, accelerate growth, and drive value creation. For more information, please visit http://www.cypressridgecap.com.
atria health, atria health, 1 6463895566, [email protected]
SOURCE atria health