Financial terms of the deal were not disclosed.
The eight-physician practice employs 60 people. No layoffs are expected as part of the deal, according to the report.
The acquisition is part of a nationwide trend of cardiologists joining hospitals, due to declining reimbursements as well as increasing costs associated with regulatory compliance.
Read the Republican-American report on Waterbury Hospital.
Read more coverage on cardiologists joining hospitals:
– Cardiologists Will Face Accountable Care Organization Decisions Soon, Says ACO Concept Author
– Cardiology Groups Seek Safety in Hospital Employment
– HCA Midwest to Buy Midwest Cardiology Associates
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