Growth Capital • Healthcare Services

Sterling Partners Private Equity Invests In Grand Rapids Ophthalmology

On February 23, 2017, private equity firm Sterling Partners Private Equity invested in healthcare services company Grand Rapids Ophthalmology

Investment Context
  • This is Sterling Partners Private Equity’s 10th transaction in the Healthcare Services sector.
  • This is Sterling Partners Private Equity’s 52nd transaction in the United States.
  • This is Sterling Partners Private Equity’s 1st transaction in Michigan.

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Investment Summary

Date February 23, 2017
Target Grand Rapids Ophthalmology
Sector Healthcare Services
Investor(s) Sterling Partners Private Equity
Deal Type Growth Capital

Target Company

Grand Rapids Ophthalmology

Grand Rapids, Michigan, United States
Grand Rapids Ophthalmology is a fully-integrated eye care medical group in West Michigan. It offers a full suite of eye care services including optometry, retail optical, oculoplastics, cataract surgery, and retinal subspecialties. GRO’s eye care services are supported by experienced professionals, a fully-integrated back office, and technologically advanced capabilities. Grand Rapids Ophthalmology was founded in 1982 and is based in Grand Rapids, Michigan.
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Investor Overview 1

Investor
DESCRIPTION

Sterling Partners Private Equity is the private equity arm of asset management firm Sterling Partners. Sterling Partners Private Equityis focused on investing in small to medium-sized companies positioned for growth, either organically or through acquisitions. Sterling has a strong interest in businesses with differentiated products, defensible competitive positions, recurring revenues, and diversified customers. The Firm's target equity commitment size is $35 to $150 million. Broad sectors of interest include direct marketing, education, specialty distribution, specialty manufacturing, healthcare, technology, and business services. Sterling Partners was formed in 1983 and is based in Chicago, Illinois.


Deal Context for Investor #
Overall 54 of 66
Sector: Healthcare Services 10 of 11
Type: Growth Capital 10 of 19
State: Michigan 1 of 1
Country: United States 52 of 62
Year: 2017 1 of 2
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DATE TARGET DEAL TYPE VALUE
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FOLLOWING DEAL
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