CVR Management, LLC

CVR Management, LLC, through its Center for Vein Restoration, focuses on diagnosing and treating venous insufficiency, offering minimally invasive outpatient procedures to enhance patient comfort and health. CVR Management, LLC operates the Center for Vein Restoration, which specializes in treating venous insufficiency. Founded in 2007 in Greenbelt, US, by Sanjiv Lakhanpal, the company has completed a total of 2 deals with the most recent in January 2016. The firm was acquired by Cortec Group in January 2016, with financials undisclosed.

Center for Vein Restoration specializes in the diagnosis and treatment of venous insufficiency, offering advanced, minimally invasive outpatient procedures such as Varithena, VenaSeal, and radiofrequency ablation. These treatments address symptoms related to varicose and spider veins and are available in over 110 locations across the United States, primarily targeting urban and suburban markets with high incidences of chronic venous insufficiency. Center for Vein Restoration generates revenue through a fee-for-service model, where patients pay for individual treatments provided by board-certified vein specialists. The procedures, including ultrasound-guided foam sclerotherapy and laser ablation, are priced based on their complexity.

The firm collaborates with major insurance providers like Medicare and Medicaid, ensuring a broad patient base. A significant portion of the revenue is derived from reimbursements, supporting a sustainable business model focused on outpatient vein care. Looking ahead, Center for Vein Restoration aims to enhance its service offerings and expand its market presence. While specific new products are not detailed, the company is likely to focus on improving existing treatment technologies.

The firm plans to target new geographic markets to broaden its reach further. The acquisition by Cortec Group in January 2016 may provide additional resources to support these growth initiatives.