News & Events

Edgemont Partners Advises Tennessee Retina on its Sale to Retina Consultants of America

Press Release

Transaction is Edgemont’s twenty-ninth physician services transaction and fifth in ophthalmology in the last two years

NEW YORK, NY – September 15, 2021Edgemont Partners (“Edgemont”), a premier healthcare investment bank and a leading M&A and capital raising advisor exclusively serving healthcare companies, announced that it acted as exclusive financial advisor to Tennessee Retina (“TNR” or “the Company”) in its sale to Retina Consultants of America (“RCA”), a portfolio company of Webster Equity Partners. Tennessee Retina is the largest and most established retina practice in Middle Tennessee and Southern Kentucky, with eight locations that include Nashville, Clarksville, Columbia, Cookeville, Franklin, Hendersonville, Murfreesboro, and Bowling Green. The terms of the transaction, which closed on September 9, 2021, were not disclosed. Edgemont’s deal team was led by Brett Skolnik, Managing Director, with execution support from Philip Litmanov, Associate, and Erick Pacher, Associate. Brent Hill, Wes Scott, and Shane Morris of Waller Lansden Dortch & Davis, LLP acted as legal counsel to Tennessee Retina in the transaction.

Originally founded in 1978, the Company is one of the nation’s largest and most respected retina specialty ophthalmology practices, providing a full spectrum of diagnostic and treatment services for retinal and vitreous diseases, including subspecialty expertise in ocular oncology, pediatric retina, uveitis, and ocular inflammatory disease. The Company also has a strong and expanding presence in high-profile clinical research studies within the retina specialty.

The Company’s 10 physicians practice across a total of eight clinics in the Middle Tennessee and Southern Kentucky regions of the U.S., with TNR’s flagship office located in Nashville, Tennessee. In partnership with RCA, the Company plans to continue providing superior retina care and access to cutting-edge clinical research to its patients as well as expanding its footprint within the region.

TNR’s sale to RCA marks Edgemont’s twenty-ninth physician services transaction and fifth in ophthalmology in the last two years. Other recent transactions include the sale of Progressive Vision Institute to SightMD, growth investment in Mindful Health Solutions by Norwest Venture Partners, recapitalization of Quigley Eye Specialists by New Harbor Capital, the sale of Arizona Dermatology to West Dermatology, and the sale of Spine Nevada to HopCo. Edgemont is the leading investment banking firm advising independent physician practices and private equity-backed Clinician Services companies on strategic alternatives, including mergers, acquisitions, sales, and private equity recapitalizations. Edgemont’s Clinician Services group serves practices across a broad range of office-based and hospital specialties, including outpatient mental health services, orthopedics / musculoskeletal care, cardiovascular care, dental, dermatology, ophthalmology, urology, urgent care, primary care, psychiatry, gastroenterology, rheumatology, pain management, women’s health / OB-GYN, and fertility as well as emergency medicine, hospitalist medicine, anesthesiology, and radiology.

About Tennessee Retina

Tennessee Retina is Middle Tennessee’s largest and most established retina practice. Their premier team of board certified, fellowship trained ophthalmologists is dedicated to the surgical and medical treatment of diseases associated with the retina, macula and vitreous. The Company is committed to providing state-of-the-art care to all of its patients in a warm and caring environment. TNR’s physicians are active in local, national, and international ophthalmologic and vitreoretinal professional societies and are dedicated to continued improvement in the services they provide for their patients and referring doctors. For more information, please visit

About Retina Consultants of America

Retina Consultants of America is a network of leading retina specialists with the mission of saving sight and improving patient lives through innovation and the highest quality care. Through RCA’s physician-centered practice management model, physicians continue to drive clinical care and practice culture, while benefitting from the business expertise, resources, and shared best practices available through RCA. For additional information on Retina Consultants of America please visit

About Edgemont Partners

Now in its 20th year, Edgemont ranks among the most active and best-performing independent healthcare M&A and financial advisors in the U.S. We focus solely on providing expert strategic advice and transaction execution to healthcare and life sciences companies, bringing a steadfast commitment to our clients, driven always to prioritize their best interests. Edgemont’s principals have executed 170+ transactions with an aggregate value of $65 billion+.

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

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