Comprehensive EyeCare Partners is Recapitalized by Gauge Capital LLC
Brentwood Capital Advisors Serves as Exclusive Financial Advisor to CompEye
Brentwood Capital Advisors (“BCA”) is pleased to announce that it served as the exclusive financial advisor to Comprehensive EyeCare Partners (“CompEye” or the “Company”) in its recently completed recapitalization led by Gauge Capital LLC (“Gauge”).
Headquartered in Las Vegas, Nevada, CompEye is a leading vision care practice management company that provides best-in-class, full-spectrum practice management and administrative services to its affiliated physicians and practices in support of their mission to deliver clinical excellence. The Company currently provides support services to over 30 ophthalmologists, 16 clinics and two ambulatory surgery centers across three nationally renowned practices: Nevada Eye Physicians, New Eyes of Southern Nevada, and Shepherd Eye Center.
“The founding and leadership team at CompEye has been very deliberate about the development of our MSO and our selection of a financial sponsor,” said Bill Moore, CompEye Chief Executive Officer. “We are excited to work with Gauge as we seek to expand our clinical footprint and continue to attract the best physicians in our industry. BCA, the exclusive investment banking advisor for CompEye, played a critical role in helping position the strong and continuously improving financial and operating results of the three practices, the attractive financial outlook associated with several recently signed large payer contracts and the practices’ strong longstanding market reputation. BCA conducted a highly competitive process that maximized shareholder value and found us the best partner with a shared vision for providing clinical excellence.”
“CompEye’s longstanding track record of best-in-class clinical care and experience managing at-risk payer contracts presented a highly attractive opportunity for investors,” added L.A. Galyon, Managing Director at Brentwood Capital Advisors. “Ophthalmology represents a growing segment of BCA’s physician services practice, and we were pleased to work with Bill Moore and the practice leaders to serve as CompEye’s exclusive financial advisor in this important transaction”.
Brentwood Capital Partners, L.P. II (“BCP II”) co-invested alongside Gauge in the transaction. BCP II is a $42.2 million private equity fund affiliated with Brentwood Capital Advisors.
About Comprehensive EyeCare Partners LLC
Formed in 2016, Comprehensive EyeCare Partners is a leading vision care practice management company in the Southwest currently serving over 30 ophthalmologists, 16 clinics and two ambulatory surgery centers across three nationally renowned practices: Nevada Eye Physicians, New Eyes of Southern Nevada, and Shepherd Eye Center.
About Brentwood Capital Advisors
Based in Franklin, Tennessee, Brentwood Capital Advisors LLC is one of the South’s leading boutique investment banks that provides mergers and acquisitions and capital raising advice to privately-held, middle-market healthcare, technology and tech-enabled and outsourced services companies. BCA has served as exclusive financial advisor in over 90 successfully closed transactions totaling approximately $5.7 billion in value in these sectors. Founded in 1999, the firm is partner-owned and has 19 investment banking professionals. For more information, please visit www.brentwoodcapital.com.