Spectrum Vision Partners acquired Comprehensive Eye

  • Background: Comprehensive Eye M.D. (“Comprehensive Eye”), based in Long Island, NY, is a physician-owned and operated ophthalmology practice. Comprehensive Eye provides patients with best-in-class ophthalmologic medical and surgical care.
  • Cassel Salpeter:
    • Served as financial advisor to the Company
    • Assisted company in exploring strategic alternatives including the sale of the company
    • Introduced and evaluated potential strategic partners
    • Worked closely with physician owner to navigate all phases of the sale process and achieve optimal transaction for a long-time, closely held business
  • Challenges:
    • Sale process conducted during pandemic
    • Ensuring seamless transition after decades of physician ownership
    • Maximizing and delivering value for synergies
    • Navigating extensive diligence review process
  • Outcome: In October 2021, Comprehensive Eye was acquired as part of a significant regional roll-up strategy by Spectrum Vision Partners, a portfolio company of Blue Sea Capital.