Gauge Capital LLC (“Gauge”) announced today that it has completed a majority recapitalization of Comprehensive EyeCare Partners (“CompEye” or the “Company”), one of the largest vision care management services organizations (“MSO”) in the United States. As part of the transaction, the Company’s physician and executive management teams will retain significant ownership in CompEye.
Based in Las Vegas, Nevada, Comprehensive EyeCare is focused on providing 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 and Shepherd Eye Center (collectively, the “Practices”).
“The Practices and physicians affiliated with CompEye are focused on the highest standards of patient care and regulatory compliance. These Practices have delivered impressive growth and a highly satisfied patient base in the Nevada market, and we are delighted that they have chosen Gauge as their partner for the next chapter of expansion at CompEye,” said Whitney Bowman, Partner at Gauge.
Daniel Gedney, Senior Vice President at Gauge, said, “We are very pleased to partner with the leadership team and physician shareholders at CompEye to support their continued growth and success. CompEye is actively seeking to partner with additional high-performing, like-minded ophthalmology groups, both in the Southwest and across the country.”
Bill Moore, Chief Executive Officer of CompEye, added, “The founding and leadership team at CompEye has been very deliberate about the development of our MSO and our selection of a financial sponsor to support our strategic growth plan. 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.”
As part of the investment, Whitney Bowman, Drew Johnson and Daniel Gedney from Gauge have joined the Board of Managers of CompEye.
Brentwood Capital Advisors acted as the exclusive financial advisor to CompEye.
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