Edgemont Served as Exclusive Financial Advisor to Long Island Vitreoretinal Consultants; Transaction represents Edgemont’s sixth office-based physician services transaction in seven months

NEW YORK, NY – March 4, 2020 – Edgemont Partners (“Edgemont”), a leading middle-market healthcare investment bank, which counts clinician services among its specific areas of expertise,  announced that it served as exclusive financial advisor to Long Island Vitreoretinal Consultants (“VRC”) in the formation of Retina Consultants of America (“RCA”), in partnership with Webster Equity Partners (“Webster Equity”).  The transaction closed on January 31, 2020.  The terms of the transaction were not disclosed.

The Edgemont deal team was led by Luke Mitchell, Managing Director, and Erik Kistler, Director.

Other preeminent retina-only groups joining VRC in forming Retina Consultants of America include Retina Consultants of Houston, Retina Group of Florida, and Retinal Consultants (Northern California).

VRC is one of the largest and fastest growing independent retina providers in the country.  The Company provides a full range of services at each of its six locations, including surgical and laser treatments, diagnostic imaging and testing, injections of biological medications into the eye, as well as evaluation and management.  Patient care is delivered by the Company’s twelve Board Certified and nationally recognized expert physicians, who are frequently selected to participate in clinical research trials.  Combined, the initial four groups forming RCA will have 50+ retina physicians, with 40 locations serving four major US markets.

The recapitalization represents Edgemont’s 25^th physician services transaction, and sixth closed office-based physician transaction in the past seven months.  Other recent physician services transactions include the recapitalization of Quigley Eye Specialists by New Harbor Capital, recapitalization of Soderstrom Dermatology by HIG Capital, the recapitalization of Laser and Skin Cancer Centers of New York, and the acquisition of Arizona Dermatology.

“For over 40 years VRC has been one of the nation’s leading retina-only physician practices.  The shareholders’ vision to create a national platform for the country’s preeminent retina groups is an obvious continuation of this legacy of leadership, and an opportunity to share resources and best practices with like-minded peers in order to continue to drive improvements in patient care.  We are proud to have advised VRC in the formation of Retina Consultants of America, and on this partnership with Webster Equity. The combination of VRC’s clinical excellence and Webster’s track record of growing national healthcare platforms will result in RCA improving the lives of those patients that suffer from retinal disease, and the physicians who serve them,” said Luke Mitchell.

About Long Island Vitreoretinal Consultants

VRC is one of the largest and fastest growing independent retina providers in the country. The Company provides a full range of services at each of its six locations, including surgical and laser treatments, diagnostic imaging and testing, injections of biological medications into the eye, as well as evaluation and management.  Patient care is delivered by the Company’s twelve Board Certified and nationally recognized expert physicians, who are frequently selected to participate in clinical research trials.  For more information visit: www.longislandretina.com

About Edgemont Partners

Edgemont Partners is one of the nation’s premier healthcare investment banks, providing merger and acquisition advisory and capital raising services exclusively for healthcare companies.  We focus solely on providing expert strategic advice and transaction execution, bringing a steadfast commitment to our clients, driven always by what is in the best interest of our clients.  In our 19-year history, Edgemont has executed 155+ transactions with an aggregate value of 62 B+.

For more information on Edgemont and how we can best serve you, contact Ben Hughes at +1 (646) 632-3967, or visit our website at www.edgemont.com

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Investment banking services are provided by Edgemont Capital Partners, LP, a registered broker-dealer and member of FINRA and SIPC.