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  6. Chicago Pacific Founders and Magruder Eye Institute Acquire Ascend Vision Partners

M&A Deal Summary

Chicago Pacific Founders and Magruder Eye Institute Acquire Ascend Vision Partners

On August 16, 2022, private equity firm Chicago Pacific Founders and Magruder Eye Institute acquired healthcare services company Ascend Vision Partners

Acquisition Highlights
  • This is Chicago Pacific Founders’ 7th and Magruder Eye Institute’s 1st transaction in the Healthcare Services sector.
  • This is Chicago Pacific Founders’ 13th and Magruder Eye Institute’s 1st transaction in the United States.
  • This is Chicago Pacific Founders’ 3rd and Magruder Eye Institute’s 1st transaction in Florida.

M&A Deal Summary
Date 2022-08-16
Target Ascend Vision Partners
Sector Healthcare Services
Buyer(s) Chicago Pacific Founders
Magruder Eye Institute
Deal Type Joint Venture

Target

Ascend Vision Partners

Maitland, Florida, United States
Ascend Vision Partners is a provider of administrative services to ophthalmology practices and ambulatory surgery centers throughout Southeast region. AVP's administrative services enable its providers, spanning optometry through all subspecialties of ophthalmology, to deliver clinically-excellent care while growing their practices. Ascend Vision Partners was founded in 2022 and is based in Maitland, Florida.

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Buyer(S) 2

Buyer

Chicago Pacific Founders

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2014
PE ASSETS 2.7B USD
Size Large
Type Sector Focused
DESCRIPTION

Chicago Pacific Founders is a private equity firm focused on investments in the healthcare sector. Chicago Pacific has a specific interest in companies that are involved in healthcare delivery and in caring for aging populations. The Firm will consider opportunities throughout the US and Canada and looks to invest up to $75 million to support buyouts and growth capital needs. Chicago Pacific Founders was formed in 2014 and is based in Chicago, Illinois.

DEAL STATS #
Overall 13 of 13
Sector (Healthcare Services) 7 of 7
Type (Joint Venture) 1 of 1
State (Florida) 3 of 3
Country (United States) 13 of 13
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-29 Pinnacle Dermatology

Brentwood, Tennessee, United States

Pinnacle Dermatology is a provider of a comprehensive suite of dermatology and cosmetic services, caring for conditions like psoriasis, dermatitis, acne, and eczema and providing early detection of and highly-effective treatments for skin cancers, through its team of board-certified dermatologists. Pinnacle Dermatology was founded in 2004 and is based in Brentwood, Tennessee.

Sell -
Buyer

Magruder Eye Institute

Orlando, Florida, United States
Category Company
Sector Healthcare Services
DESCRIPTION

Magruder Eye Institute is a provider of superior levels, comprehensive medical and surgical eye care to a diverse patient base. MEI is Central Florida's premier provider of ophthalmologic services, with providers spanning six convenient locations. Its team of eye doctors and surgeons specialize in areas such as laser cataract surgery, diabetic retinopathy, glaucoma management and treatment, corneal surgery, macular degeneration, dry eyes and eyelid surgery. Magruder Eye Institute is based in Orlando, Florida.

DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Joint Venture) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Mergr

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