EyeSouth invests in Central Florida Eye Specialists


EyeSouth Partners, a portfolio company of Shore Capital Partners, has invested in Central Florida Eye Specialists. Financial terms weren’t announced. Central Florida Eye Specialists provides eye care throughout Volusia County in Florida.

PRESS RELEASE
EyeSouth Expands into Central Florida through Affiliation with Central Florida Eye Specialists

ATLANTA, October 8, 2019 – EyeSouth Partners (“EyeSouth” or the “Company”) is pleased to announce that it has completed an affiliation with Central Florida Eye Specialists (“CFES”). The affiliation represents EyeSouth’s third in Florida and first in the Central Florida area. EyeSouth is an eye care-focused management services organization backed by Shore Capital Partners committed to partnering with leading physicians to build a premier network of eye care services in the South. EyeSouth’s affiliate network consists of 15 practices with approximately 95 doctors providing medical and surgical eye care services at approximately 62 locations including 10 surgery centers throughout Georgia, Louisiana, North Carolina, Florida, Tennessee and Alabama.
Central Florida Eye Specialists is led by Dr. Kevin Barber and Dr. Ryan Scruggs and functions with six total providers, including: Dr. Ilya Sluch, M.D.; Dr. Dawn Scruggs, M.D.; Dr. Phillip Mackinder, O.D.; and Dr. Andrea Chih, O.D. CFES employs approximately 60 support staff across three primary clinical locations in Deland, Orange City and Lake Mary and three satellites in Downtown Orlando, New Smyrna Beach and Ormond Beach. Since its founding in 1999, CFES maintains a long-standing track record of providing high-quality eye care throughout Volusia County. In recent years, the practice has experienced rapid growth, upgrading offices and expanding into new geographic areas such as Lake Mary.
Dr. Barber commented on the partnership, “We are excited to continue the growth of our practice with EyeSouth who supports our core values and the importance of quality care provided to the patients and communities that we serve.” Dr. Scruggs continued, “While we are very proud of what we have already accomplished at CFES, there is opportunity to further enhance patient experience and increase patient access, and EyeSouth is fully aligned with us on these initiatives.”

“It is very exciting to partner with another high-quality practice in Florida,” said Dr. Eugene Gabianelli, M.D., Chief Medical Officer of EyeSouth Partners. “We look forward to building on CFES’s innovative and patient-first culture and experiencing what our organizations can accomplish together.”
Central Florida Eye Specialists will continue to operate under its brand, with no changes to staff, physicians or locations.
To learn more about a partnership with EyeSouth Partners, visit www.eyesouthpartners.com or contact Charlie Shreve, VP of Business Development & Strategy, charlie.shreve@eyesouthpartners.com.

About EyeSouth Partners
Headquartered in Atlanta, GA, EyeSouth Partners (“EyeSouth”) is an eye care management services organization committed to partnering with leading physicians to build a premier network of eye care services in the South. EyeSouth’s partner practices’ clinical mission is to provide high quality medical and surgical specialty eye care. EyeSouth supports its affiliated practices and physician partners with strategic guidance, administrative resources, operating expertise, and capital with an absolute focus on clinical quality and a patient-first culture. EyeSouth’s affiliate network consists of 15 practices and approximately 95 doctors providing medical and surgical eye care services at approximately 62 locations including 10 surgery centers throughout Georgia, Louisiana, North Carolina, Florida, Tennessee and Alabama. EyeSouth is backed by Shore Capital Partners, a Chicago-based private equity firm focused on microcap healthcare and food & beverage investments. For more information about EyeSouth Partners, please visit: www.eyesouthpartners.com.

About Shore Capital Partners
Shore Capital Partners is a Chicago-based private equity firm focused on microcap healthcare and food & beverage investments. Shore supports management partners with capital, business development expertise, and industry knowledge to accelerate growth, fund acquisitions, and generate value to shareholders. Shore targets investments in proven, successful private companies with superior management teams, stable cash flow, and significant growth potential, including organic and growth through industry consolidation. Shore has over $1 billion of equity capital under management through various investment vehicles. More information about Shore Capital Partners can be found at www.shorecp.com.