Primary Eye Care

Background: Primary Eye Care Center, P.C. (“Primary Eye Care Center”), headquartered in Bloomfield, CT, is a highly-regarded eye care practice with three locations and an ambulatory surgical center near Hartford, CT. The practice developed a strong network over its nearly 60-year history, drawing patients from immediate and surrounding counties.
Cassel Salpeter:
- Served as financial advisor to the company
- Ran a focused, competitive sales process, identifying and contacting private-equity backed strategic buyers
- Successfully identified a strategic acquirer for the practice and worked closely with the physician owners to achieve an optimal transaction
Challenges:
- Managing staffing and operational complexities
- Ensuring that sellers’ post-transaction objectives were met
- Maximizing and delivering value for the practice
Outcome: In June 2023, Primary Eye Care Center was acquired by ReFocus Management Services, LLC, (“ReFocus”). ReFocus is an eye care management services organization with locations across the Northeastern U.S. and is a portfolio company of Zenyth Partners.