EyeSouth Partners Enters Sixth State with Coastal Eye Associates of Texas Affiliation
EyeSouth Partners (“EyeSouth” or the “Company”) is pleased to announce that it has completed an affiliation with Coastal Eye Associates (“CEA”). The affiliation represents EyeSouth’s first in the state of Texas and sixteenth affiliation overall. EyeSouth is an eye care-focused management services organization backed by Shore Capital Partners, committed to partnering with leading physicians to build a premier network of eye care services in the South. EyeSouth’s affiliate network consists of 16 practices with approximately 114 doctors providing medical and surgical eye care services at approximately 70 locations including 11 surgery centers throughout Georgia, Texas, Louisiana, North Carolina, Florida, Tennessee and Alabama.
Coastal Eye Associates is led by Drs. William McMullen, Gregory Clariday, William Lipsky and Duc Tran and functions with 14 total providers. CEA employs approximately 60 support staff across six primary clinical locations in the Greater Houston area. CEA provides an integrated service model incorporating routine eye exams, advanced therapeutic treatment and surgical solutions supported by a retail presence at each clinical location.
Dr. McMullen commented on the partnership, “Since our founding over 20 years ago, we have aspired to provide high-quality patient care and continued growth to support the Greater Houston community. While EyeSouth is committed to providing experienced operational support and resources to our practice, it was critical that our physicians maintain control of medical decisions related to patient care.”
“We are very excited to expand into the state of Texas with a leading and highly-respected ophthalmology practice in Coastal Eye Associates,” said Dr. Eugene Gabianelli, M.D., Chief Medical Officer of EyeSouth Partners. “We see significant opportunity to exchange best practices and further enhance and execute on the practice’s operational and growth strategy.”
About EyeSouth Partners
Headquartered in Atlanta, GA, EyeSouth Partners (“EyeSouth”) is an eye care management services organization committed to partnering with leading physicians to build a premier network of eye care services in the Southern U.S. EyeSouth’s partner practices’ clinical mission is to provide high quality medical and surgical specialty eye care. EyeSouth supports its affiliated practices and physician partners with strategic guidance, administrative resources, operating expertise, and capital with an absolute focus on clinical quality and a patient-first culture. EyeSouth’s affiliate network consists of approximately 114 doctors providing medical and surgical eye care services at approximately 70 locations throughout Georgia, Texas, Louisiana, North Carolina, Florida, Tennessee and Alabama. EyeSouth is backed by Shore Capital Partners, a Chicago-based private equity firm focused on microcap healthcare and food & beverage investments. For more information about EyeSouth Partners, please visit: www.eyesouthpartners.com.
About Shore Capital Partners
Shore Capital Partners is a Chicago-based private equity firm focused on microcap healthcare and food & beverage investments. Shore supports management partners with capital, business development expertise, and industry knowledge to accelerate growth, fund acquisitions, and generate value to shareholders. Shore targets investments in proven, successful private companies with superior management teams, stable cash flow, and significant growth potential, including organic and growth through industry consolidation. Shore has over $1 billion of equity capital under management through various investment vehicles. More information about Shore Capital Partners can be found at www.shorecp.com.