Shore Capital-backed EyeSouth invests in Midwest Eye Center

Shore Capital Partners-backed EyeSouth Partners has made an investment in Midwest Eye Center, a primary eye care provider that serves patients throughout Southwest Ohio and Northern Kentucky.

Shore Capital Partners-backed EyeSouth Partners has made an investment in Midwest Eye Center, a primary eye care provider that serves patients throughout Southwest Ohio and Northern Kentucky. No financial terms were disclosed.

PRESS RELEASE

ATLANTA, January 11, 2021 – EyeSouth Partners (“EyeSouth”) is pleased to announce that it has completed an affiliation with Midwest Eye Center (“MWEC”). The affiliation represents EyeSouth’s first in the states of Ohio and Kentucky. 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 21 practices with 185+ doctors providing medical and surgical eye care services at approximately 105 locations including 12 surgery centers throughout Georgia, Texas, Louisiana, Florida, Tennessee, Alabama, Ohio, and Kentucky.

Midwest Eye Center is led by Drs. Mark Cepela, Jean Noll, Faiz Khaja, Saif Jaweed, Matthew Dykhuizen, and Daniel Love, and functions with 28 total providers including 20 ophthalmologists and 8 medical optometrists. In total, MWEC employs approximately 250 support staff across 19 clinical locations and 2 ambulatory surgery centers in the Greater Cincinnati area. Through its dense clinical footprint, MWEC provides primary eye care in addition to retina, glaucoma, cornea, oculoplastic and pediatric subspecialty care to many underserved areas throughout Southwest Ohio and Northern Kentucky.

Dr. Mark Cepela, Managing Partner of MWEC, commented on the partnership, “After an exhaustive search, we selected EyeSouth as the best partner for the next phase of growth and are very excited for the future. We are completely aligned with EyeSouth in upholding the Midwest Eye Center standard of care we have built over more than 30 years while supplementing our operations with best-in-class management to further enhance that standard of care and accelerate our growth.”

“Despite a continually challenging environment, EyeSouth remains committed to targeted geographic expansion with high-quality practices. The doctor and administrative leadership of Midwest Eye Center is top-notch, and we are excited for what we can achieve together,” said Dr. Eugene Gabianelli, M.D., Chief Medical Officer of EyeSouth Partners. “It is an honor to welcome this group of doctors and staff to the EyeSouth network.”

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 185+ doctors providing medical and surgical eye care services at approximately 105 locations throughout Georgia, Texas, Louisiana, Florida, Tennessee, Alabama, Ohio and Kentucky. 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.