M&A Deal Summary

EyeCare Partners Acquires CEI Vision Partners

On October 22, 2021, EyeCare Partners LLC acquired healthcare services company CEI Vision Partners LLC from Revelstoke Capital Partners LLC and Cincinnati Eye Institute for 600M USD

Acquisition Highlights
  • This is EyeCare Partners’ 6th transaction in the Healthcare Services sector.
  • This is EyeCare Partners’ 1st largest (disclosed) transaction.
  • This is EyeCare Partners’ 6th transaction in the United States.
  • This is EyeCare Partners’ 1st transaction in Ohio.

M&A Deal Summary

Date 2021-10-22
Target CEI Vision Partners LLC
Sector Healthcare Services
Buyer(s) EyeCare Partners LLC
Sellers(s) Revelstoke Capital Partners LLC
Cincinnati Eye Institute
Deal Type Add-on Acquisition
Deal Value 600M USD

Target

CEI Vision Partners LLC

Columbus, Ohio, United States
website
CEI Vision Partners is a management services organization. CVP provides comprehensive eye care services and has leading physicians across all major sub-specialties. CEI Vision Partners was established in 2018 and is based in Columbus, Ohio.

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Buyer(S) 1

Buyer

EyeCare Partners LLC

Saint Louis, Missouri, United States

website


Category Company
Founded 2015
SectorHealthcare Services
DESCRIPTION

EyeCare Partners is a vertically integrated medical vision services provider in the US. The company offers patients end-to-end services covering medical optometry, ophthalmology and sub-specialties, and vision correction products. EyeCare Partners was founded in 2015 and is based in Saint Louis, Missouri.


DEAL STATS #
Overall 6 of 6
Sector (Healthcare Services) 6 of 6
Type (Add-on Acquisition) 6 of 6
State (Ohio) 1 of 1
Country (United States) 6 of 6
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-05 Associated Retinal Consultants P.C.

Royal Oak, Michigan, United States

Associated Retinal Consultants P.C. is a premier ophthalmology provider and one of the largest retina subspecialty practices in the U.S. Associated Retinal Consultants P.C. employs 21 physicians in 16 company-owned or leased locations throughout the State of Michigan. Founded in 1971, ARC provides state-of-the-art treatment for eye diseases such as age-related macular degeneration, diabetic retinopathy, ocular disease, tumors, and other serious conditions.

Buy -

Seller(S) 2

SELLER

Revelstoke Capital Partners LLC

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2013
PE ASSETS 2.3B USD
SizeLarge
Type Sector Agnostic
DESCRIPTION

Revelstoke Capital Partners is a private equity firm focused on acquiring and building industry leading companies. For platform acquisitions, Revelstoke seeks profitable companies (> $5 million) and looks to commit $10 to $250 million per transaction. The Firm will consider majority and minority positions and seeks situations where companies have opportunities for growth, either organically or through add-ons. Targeted industries include healthcare services, transportation, logistics, specialty distribution, business services, and insurance. Revelstoke Capital Partners was formed in 2013 and is based in Denver, Colorado.


DEAL STATS #
Overall 5 of 6
Sector (Healthcare Services) 3 of 4
Type (Add-on Acquisition) 3 of 3
State (Ohio) 1 of 1
Country (United States) 5 of 6
Year (2021) 3 of 3
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-13 Career Step LLC

Provo, Utah, United States

Carrus is a provider of online competency-driven education courses to students throughout the United States and in several foreign countries. Carrus was established in 1992 and is based in Provo, Utah.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-11 Crossroads Treatment Centers

Greenville, South Carolina, United States

Crossroads Treatment Centers is a behavioral health provider with an exceptional clinical reputation and a focus on substance use disorders and mental health illnesses. The Company delivers care through a variety of modalities, utilizing medication-assisted treatment (“MAT”), 24/7 access to care, in-person visits, telehealth, measurement-based care, laboratory services, and intensive care coordination services to provide complete support for the whole patient. Crossroads Treatment Centers was founded in 2007 and is based in Greenville, South Carolina.

Sell -
SELLER

Cincinnati Eye Institute

Cincinnati, Ohio, United States

website


Category Company
Founded 1945
SectorHealthcare Services
DESCRIPTION

Cincinnati Eye Institute is a premiere ophthalmology practice in the Midwest with a national reputation for providing the highest quality eye care in the industry. The mission of Cincinnati Eye Institute is to enhance the quality of our patients’ lives by compassionately providing the highest level of eye care.


DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Ohio) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-30 CEI Vision Partners LLC

Columbus, Ohio, United States

CEI Vision Partners is a management services organization. CVP provides comprehensive eye care services and has leading physicians across all major sub-specialties. CEI Vision Partners was established in 2018 and is based in Columbus, Ohio.

Buy -