PE-backed EyeSouth invests in Eye Center of Texas

Shore Capital Partners-backed EyeSouth Partners completed an investment in Eye Center of Texas, a provider of eye care services.

Shore Capital Partners-backed EyeSouth Partners completed an investment in Eye Center of Texas, a provider of eye care services. No financial terms were disclosed.

PRESS RELEASE

ATLANTA, December 22, 2020 – EyeSouth Partners (“EyeSouth” or the “Company”) is pleased to announce that it has completed an affiliation with Eye Center of Texas (“ECT”). The affiliation represents EyeSouth’s third in the state of Texas and twentieth affiliation overall. 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 U.S. EyeSouth’s affiliate network consists of 20 practices with over 150 doctors providing medical and surgical eye care services at approximately 90 locations including 11 surgery centers throughout Georgia, Texas, Louisiana, North Carolina, Florida, Tennessee, and Alabama.

Eye Center of Texas is led by Drs. Edward Wade, Mark Mayo, Jill Autry and Chris Allee and functions with 14 total providers. ECT employs approximately 115 support staff across six primary clinical locations in the Greater Houston area. ECT provides an integrated service model incorporating the latest advancements in cataract surgery, retina management, glaucoma treatment, refractive surgery and routine eye exams.

Dr. Wade commented on the partnership, “Since our founding in 1990, the mission of Eye Center of Texas has always been to provide the highest level of vision care to the population of Greater Houston. EyeSouth’s commitment to providing administrative, operational and management support services will enable us to build upon and further accelerate this mission in a constantly evolving healthcare landscape.”

“Despite the challenging COVID-19 environment, EyeSouth is committed to affiliating with the highest quality ophthalmology practices. We are excited to affiliate with another leading, high-growth practice in Eye Center of Texas,” said Dr. Eugene Gabianelli, M.D., Chief Medical Officer of EyeSouth Partners. “We see substantial opportunity to exchange best practices and further enhance and execute on ECT’s growth strategy.”

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 throughout the U.S. 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 approximately 150 doctors providing medical and surgical eye care services at approximately 90 locations throughout Georgia, Texas, 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 $1.1 billion of equity capital under management through various investment vehicles. More information about Shore Capital Partners can be found at www.shorecp.com.