Sep 30, 2022

Capstone Partners Advised Retina Institute of Virginia on its Sale to Eyecare Partners

Capstone Partners advised Retina Institute of Virginia (RIV)—a Virginia-based ophthalmology provider—on its sale to EyeCare Partners (ECP).

Retina Institute of Virginia has two primary offices and three satellite offices throughout central Virginia. Their expertise is in the diagnosis and treatment of retina and vitreous diseases such as diabetic retinopathy, macular degeneration, retinal tears and detachment, retinal vascular diseases, uveitis, and trauma.

“Providing our patients with the best care for retinal diseases and disorders is central to what we do at the Retina Institute of Virginia,” said J. Stewart O’Keefe, M.D. “Joining EyeCare Partners provides us with increased access to clinical research trials and exceptional advanced training opportunities, which will allow us to further deliver on our mission of providing the highest quality of care to our patients. We look forward to expanding the breadth and depth of our practice as part of this partnership.”

We are so glad that we chose Capstone as our investment banking partner. Going into this process we felt that the deal team had the relationships and connections to properly represent us in this market and they did not disappoint. The Healthcare team expertly guided us through the process and achieved for us the result that we wanted. We could not imagine going through this with any other partner.

Stewart O'KeefeM.D., RIV

“We positioned Retina Institute of Virginia concurrently with Commonwealth EyeCare Associates to create a considerable strategic opportunity in the Virginia marketplace,” said Rod Rivera, Managing Director on Capstone’s Healthcare Investment Banking team. “Taking time to understand both companies allowed our team to position the asset with combined synergies which was very attractive to industry consolidators,” added David Baker, Managing Director on the same team.

EyeCare Partners is a leading provider of clinically integrated eye care. Their national network of over 300 ophthalmologists and 700 optometrists provides a lifetime of care to our patients with a mission to enhance vision, advance eye care, and improve lives. Based in St. Louis, Missouri, over 680 ECP-affiliated practice locations provide services that span the eye care continuum in 18 states and 30 markets.

The expert investment banking professionals on Capstone Partners’ Healthcare Team work with leading middle market companies operating in the Healthcare Services market to advise with their strategic decision-making in order to maximize financial outcomes at every stage of the business lifecycle. Our firm has developed a full suite of corporate finance solutions, including M&A advisory, debt advisory, financial advisory, and equity capital financing to help privately owned businesses and private equity firms address any need, ranging from growth and financial or operational advisement to an ultimate exit transaction. To learn more about this transaction, or about the benefits of starting a relationship with our Healthcare Banking Team, contact us here.