Cardiothoracic & Vascular Surgical Associates

What Cardiothoracic & Vascular Surgical Associates does

Cardiothoracic & Vascular Surgical Associates (CTVSA) is a private physician practice organized as an Illinois professional service corporation that delivers cardiothoracic and vascular surgical care across the greater Chicago metropolitan area. Founded with its earliest clinic location in Oak Lawn in 1992 and now operating nine clinic sites (Oak Lawn, Aurora, Barrington, Elk Grove Village, Chicago/Rush, Libertyville, Kankakee, and New Lenox) backed by an administrative headquarters in Oakbrook Terrace, the practice employs 20+ board-certified surgeons and maintains surgical privileges at nine affiliated hospital systems including Advocate Christ Medical Center (housing the Advocate Heart Institute), Rush University Medical Center, Silver Cross Hospital, and Riverside Medical Center. The practice is independently owned by its physician partners, has no disclosed institutional or private-equity ownership, and does not publicly disclose financial results.

The clinical offering is organized around three core service lines — Heart Care (cardiac surgery), Thoracic Care, and Vascular Care — supported by specialized capabilities including UNOS-certified heart transplantation, ventricular assist devices (VADs), transcatheter aortic valve replacement (TAVR), da Vinci robotic-assisted and VATS minimally invasive surgery, and an ECMO life-support program. Cardiac procedures span CABG, valve repair and replacement, heart transplant, TAVR, VADs, and treatment of aortic aneurysm and dissection; thoracic services cover lung cancer resection (lobectomy, VATS), esophagectomy, robotic and Cyberknife procedures; vascular services include carotid endarterectomy, open and endovascular aneurysm repair (EVAR), angioplasty, and bypass. Diagnostic capabilities include angiography, carotid Doppler, echocardiography (transthoracic, transesophageal, stress), coronary angiography, MRI, CT, ultrasound, and stress testing.

CTVSA generates revenue primarily through fee-for-service professional billing for surgical procedures and clinical consultations across cardiac, thoracic, and vascular conditions, supplemented by diagnostic testing revenue. Patient acquisition is driven by physician-to-physician referral from cardiologists and primary care physicians, direct patient self-referral via phone and the practice website, and hospital-based channels that funnel surgical cases into CTVSA surgeons operating at affiliated facilities. Pricing is opaque and not publicly disclosed; patients are directed to contact the office for procedure costs and insurance verification. Notable clinical milestones include Illinois' first artificial heart implantation (2012), pioneering early minimally invasive valve procedures in the state, and supporting 70+ COVID-19 patients with ECMO therapy across 12 Chicago-area hospitals during 2020 with approximately 10% mortality.

Name

Cardiothoracic & Vascular Surgical Associates

Legal name

Cardiothoracic & Vascular Surgical Associates, S.C.

Website

https://ctvsurgeons.com

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

1–10 employees

Short description

Cardiothoracic & Vascular Surgical Associates is a private Chicago-area physician practice providing cardiac, thoracic, and vascular surgical services through nine clinic locations and nine hospital affiliations, staffed by 20+ board-certified surgeons performing open-heart surgery, heart transplant, TAVR, VADs, and vascular reconstruction for individual patients across northern Illinois.

Ownership category

akta.pro rank

Product category

Cardiothoracic & Vascular Surgery Services

NAICS

Offices of Physicians (62111), Diagnostic Imaging Centers (621512), Ambulatory Health Care Services (621)

SIC

Services-Offices & Clinics Of Doctors Of Medicine (8011), Services-Specialty Outpatient Facilities, Nec (8093)

akta.pro primary industry

Interventional Cardiology (PCI/Structural Heart) (HLAKABAB)

akta.pro secondary industries

Heart Failure & Transplant Cardiology (HLAKABAD), Ambulatory Cardiology Diagnostic & Procedure Centers (Non-hospital-based) (HLAFABAK)

Keywords

• Cardiac surgery services
• Thoracic surgery
• Vascular surgery
• Heart transplant services
• Cardiovascular diagnostics

Headquarters

HQ city

Oak Lawn

HQ country

United States

HQ region

North America

Offices9 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Surgical Procedures: Fee-for-service surgical procedures including open-heart surgery, heart transplants, valve repairs/replacements, minimally invasive procedures, thoracic surgery, and vascular surgery. Revenue generated from facility fees, surgeon fees, and associated medical services.
2. Clinical Consultations: Office visits and consultations for cardiac, thoracic, and vascular conditions. Initial evaluations, follow-up appointments, and diagnostic consultations.
3. Diagnostic Services: Cardiac diagnostic testing including angiography, carotid Doppler, echocardiograms, coronary angiography, MRI, CT scans, ultrasound, and stress tests.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Cardiothoracic & Vascular Surgical Associates (CTVSA) is a private physician practice providing comprehensive cardiac, thoracic, and vascular surgical care across the greater Chicago area. Services span open-heart surgery, heart transplantation, transcatheter valve replacement (TAVR), ventricular assist devices (VADs), ECMO life support, thoracic and lung surgery, vascular surgery, and advanced cardiac diagnostics, delivered by 20+ board-certified surgeons across multiple hospital affiliations.

Product overview

Cardiothoracic & Vascular Surgical Associates (CTVSA) is a medical practice offering a comprehensive portfolio of cardiothoracic and vascular surgical services rather than a traditional software product. The practice operates as a unified service offering centered around three core surgical specialties: Heart Care/Cardiac Surgery, Thoracic Surgery, and Vascular Surgery. These core services are supported by specialized capabilities including heart transplantation (as a UNOS-certified center), ventricular assist devices (VADs), ECMO life support, transcatheter valve replacement (TAVR), and advanced minimally invasive/robotic surgical techniques. The practice also provides cardiac diagnostic testing services and a patient portal for ongoing patient engagement. Services are delivered through multiple clinic locations across the Chicago metropolitan area in partnership with regional hospitals.

Differentiator

Problem solved

Functional benefit

Products and services

• Heart Care / Cardiac Surgery Comprehensive cardiac surgical services including coronary artery bypass grafting (CABG), valve repair and replacement, heart transplant, TAVR, ventricular assist devices (VADs), and treatment for coronary artery disease, heart failure, aortic aneurysms, and structural heart disease. For adult patients requiring complex heart surgery in the Chicago area.
• Thoracic Surgery General thoracic surgery services including bronchoscopy, biopsies, thoracentesis, chest tube placement, thoracotomy, lobectomies, esophagectomy, thyroidectomy, VATS, robotic surgery with the da Vinci system, laser resection, and Cyberknife radiation therapy. For patients with lung cancer, lung failure, esophageal cancer, mediastinal masses, and thoracic outlet syndrome.
• Vascular Surgery Surgical and minimally invasive treatments for vascular conditions including carotid endarterectomy, arterial surgeries, upper and lower endarterectomies, open and endovascular aneurysm repair (EVAR), angioplasty, and vascular bypass procedures for peripheral artery disease. For patients with aortic aneurysms, carotid artery disease, and peripheral vascular disease.
• Cardiac Diagnostic Testing Advanced heart diagnostic services including angiography/angiogram, carotid Doppler, echocardiogram (transthoracic, transesophageal, stress echo), coronary angiography, MRI, CT scan, ultrasound, and stress testing to assess heart health and detect cardiovascular conditions. For patients needing cardiac evaluation before or alongside treatment.
• Heart Transplantation Complete heart transplant services as a UNOS-certified heart transplant center, including patient evaluation, waitlist management, transplant surgery, and post-operative care for patients with end-stage heart failure.
• Extracorporeal Membrane Oxygenation (ECMO) ECMO life support therapy for patients with severe heart and lung failure, providing temporary cardiopulmonary support when conventional ventilation is insufficient.
• Ventricular Assist Devices (VADs) Mechanical circulatory support devices implanted to assist heart function in advanced heart failure patients, used as destination therapy or as a bridge to heart transplant. May pump for left heart, right heart, or both.
• Transcatheter Aortic Valve Replacement (TAVR) Minimally invasive valve replacement procedure performed via catheter rather than open surgery, offered to patients who cannot undergo traditional surgical approaches, performed in a hybrid operating room with a specialized team including cardiac surgeon, cardiologist, and trained nursing staff.

Quantifiable outcome

• Thousands of surgeries performed each year across multiple hospitals
• +2 more outcomes

Named customers8 records

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Nine partnerships are on record, tiered core.

• Advocate Christ Medical CentercoreStrategic or Co-development PartnerMajor affiliated hospital in Oak Lawn, Illinois. CTVSA surgeons perform cardiac surgeries at this facility, which houses the Advocate Heart Institute - one of the most comprehensive heart programs in Illinois.
• Advocate Condell Medical CentercoreStrategic or Co-development PartnerAffiliated hospital in Libertyville, Illinois serving Lake County patients with cardiac and vascular surgical services.
• Advocate Good Shepherd HospitalcoreStrategic or Co-development PartnerAffiliated hospital in Barrington, Illinois providing cardiovascular care services to northwest suburban communities.
• Advocate Sherman HospitalcoreStrategic or Co-development PartnerAffiliated hospital in Elgin, Illinois serving the greater Elgin area with cardiac surgical services.
• Ascension Alexian Brothers (Elk Grove Village)coreStrategic or Co-development PartnerAffiliated hospital in Elk Grove Village, Illinois. CTVSA maintains office space at Eberle Building on hospital campus.
• Riverside Medical CentercoreStrategic or Co-development PartnerAffiliated hospital in Kankakee, Illinois providing cardiac surgical services to the Kankakee County region.
• Rush Copley Medical CentercoreStrategic or Co-development PartnerAffiliated hospital in Aurora, Illinois. CTVSA operates clinic at this facility serving the greater Aurora area.
• Rush University Medical CentercoreStrategic or Co-development PartnerMajor academic medical center affiliation in Chicago. CTVSA Rush Clinic located at this facility since 2018. Academic setting enables advanced surgical procedures and research.
• Silver Cross HospitalcoreStrategic or Co-development PartnerAffiliated hospital in New Lenox, Illinois. CTVSA provides cardiac surgical services including open-heart surgery at this facility.

Scale indicators5 records

Recent moves7 records

Expansion highlights4 records

Broad incumbents

• Cleveland Clinic Heart, Vascular & Thoracic Institute: Nationally dominant cardiovascular program with structural heart, transplant, and VAD programs. Sets clinical benchmarks and competes for complex referrals that could otherwise reach regional centers like CTVSA.
• HCA Healthcare — Cardiovascular Service Line: National hospital operator with substantial cardiovascular surgical volume across its facilities. Represents a system-level competitor that could scale CT surgery programs in markets CTVSA might seek to enter.
• Northwestern Medicine Bluhm Cardiovascular Institute: Academic cardiovascular program in Chicago offering comprehensive cardiac, thoracic, and vascular surgery. Competes for the same referral base and OR capacity within the same metro.
• University of Chicago Medicine Heart & Vascular Center: Academic cardiovascular program in Chicago offering advanced cardiac surgery, TAVR, and transplant services. Competes for complex referrals in the same Chicago metro.
• Rush Heart & Vascular (Rush University Medical Center): Rush's integrated cardiovascular service line — both a partner (CTVSA operates the Rush Clinic since 2018) and a competitive incumbent for advanced cardiac and vascular cases in Chicago.
• Loyola Medicine Cardiovascular Institute: Academic cardiovascular program serving Chicago's western suburbs. Competes with CTVSA for vascular surgery and structural heart referrals in overlapping catchment areas.
• Advocate Heart Institute (Advocate Christ Medical Center): Core affiliated hospital system in Oak Lawn where CTVSA performs its highest-volume cardiac surgery. Functions simultaneously as CTVSA's largest OR partner and a system-level competitor for in-house surgical talent.

Direct peers

• Piedmont Heart Institute: Large multi-site cardiothoracic and vascular surgery group operating across multiple hospitals in the Southeast. Comparable in structure: multi-specialty cardiovascular surgical group with transplant and structural heart capabilities.
• Cardiac Surgery Associates: Independent private cardiothoracic surgery group with multi-site coverage and hospital affiliations. Closest direct comparable as a non-PE-backed private CT surgery practice serving a U.S. metro area.

Others

• Surgery Partners (USPI cardiovascular programs): Ambulatory surgical and specialty facility operator with PE backing. Relevant as a potential capital partner or strategic acquirer for independent cardiovascular surgical groups pursuing scale.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/CTVSurgeons

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cardiothoracic & Vascular Surgical Associates