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.