Foley Serves as Legal Adviser to HeartPlace in Recapitalization by US Heart and Vascular

Foley & Lardner LLP served as legal adviser to HeartPlace, the largest physician-owned cardiology group in Texas, in the successful closing of its recapitalization by US Heart and Vascular (USHV), a leading national provider of support services to cardiovascular physician practices with 7 major cardiology practices throughout Texas and the Southwest.

HeartPlace, located throughout metropolitan Dallas, employs 53 physicians and 13 advanced practice providers, maintains 32 locations, including 3 outpatient ambulatory surgery centers, and offers sophisticated cardiac imaging and other diagnostic technologies onsite and an impressive selection of treatments and surgeries.

USHV, backed by the Private Equity Group of Ares Management, partners with leading cardiovascular specialists and provides them with the resources, capital, and support to grow, while delivering outstanding, high-quality care to their patients and reducing costs to the health care system.

The Foley deal team was led by Partner Roger Strode and Steve Gerenraich, and included Partners Michael Newman, Mike Donohue, Jana Kolarik, John Palmer, and Mike Woolever, Senior Counsel Kinal Patel, and Associates Arthur Vorbrodt and Charlie Inclan.