Heritage Capital Group is pleased to announce that MedAxiom, located in Neptune Beach, Florida, has been acquired by the American College of Cardiology, headquartered in Washington, DC.
Founded in 2001, MedAxiom is the nation’s leading cardiovascular community serving physician practices, hospitals, health systems and other medical professionals. The firm provides expert consulting, networking, and membership services that include data analytics, program excellence tools, and educational events to improve business and patient care outcomes.
Jennifer Linville, the founding CEO of MedAxiom, recognized that an organized network of administrators could band together to successfully change the industry and individual cardiology programs. MedAxiom has a long track record of assisting members to continuously improve their performance and the delivery of patient care.
Ms. Linville commented, “We are thrilled that MedAxiom was acquired by the American College of Cardiology. Our members, industry partners, and the entire country will be better served with the combined strengths and expertise of both organizations. This acquisition marks a major milestone that will positively impact the lives of tens of millions of people.” Ms. Linville added, “We have known the principals at Heritage Capital for years and greatly respect their perspective and advice. We never could have crossed the finish line without Daren and the entire Heritage Capital team advising on tough issues and rolling up their sleeves to keep the deal moving. We are very pleased with the transaction in all respects.”
Timothy W. Attebery, DSc, MBA, FACHE is CEO of the American College of Cardiology and will also become the CEO of MedAxiom. Tim has a long history with MedAxiom, both as a member for years and a frequent presenter at MedAxiom meetings. Additionally, many members of the American College of Cardiology Board of Trustees are MedAxiom members and have participated with the firm, which should facilitate the integration of the two organizations.
Commenting on the completion of the sale, Daren Pietsch, Principal of Heritage Capital Group, said, “MedAxiom is a true Jacksonville success story, and it was a privilege to work with Jen and the entire MedAxiom team as we navigated a complex negotiation and diligence process on a compressed timeline. We feel a great sense of pride in assisting these two great organizations to join together.” Heritage Capital Group served as financial advisor to MedAxiom, and the Heritage team included Howard Serkin, Doug Kravet, and Daren Pietsch. The financial terms of the transaction were not disclosed.