INSIGHT

Pacific Eye Institute (“PEI”) completed a recapitalization with Unifeye Vision Partners (“UVP”), a portfolio company of Waud Capital Partners. PEI is a leading provider of vision care services within the Inland Empire of Southern California, operating across six clinical locations and one ambulatory surgery center. Founded over 30 years ago by Dr. Bob Fabricant, PEI has grown into a distinguished team of 17 ophthalmologists and six optometrists. Provident Healthcare Partners (“Provident”) served as exclusive financial advisor to Pacific Eye Institute. The terms of the transaction were not disclosed.

“PEI is led by three highly entrepreneurial physicians who are motivated to expand the practice’s already sizeable footprint and leading ophthalmology services into adjacent markets in Southern California,” commented Eric Major, Vice President at Provident. “UVP is the perfect partner for PEI, allowing the organization to retain its local governance while also sharing the same vision of becoming a preeminent vision care provider in the region.”

“Provident is comprised of an excellent team of advisors and applies a methodical approach to finding the right partner for its clients,” stated Jesse A. Dovich, M.D., a Managing Partner with PEI. “Each ophthalmology practice is different, as is each private equity group; Provident took the time to fully understand what makes our practice unique and then paired us with a like-minded private equity firm while always keeping our best interests in mind. The team provided guidance and support during this transition and never once put pressure on us to partner with a group if we felt uncomfortable.”

About Pacific Eye Institute
Founded in 1981, PEI is a comprehensive ophthalmic care provider in the Inland Empire with locations serving Rancho Cucamonga, Victorville, Temecula, Eastvale, and Upland. This includes “The Ambulatory Surgery Center”, a modern 9,200 square foot facility with two state-of-the-art surgical suites and a laser center. These facilities provide the highest quality vision care for the treatment of ocular conditions in a comfortable outpatient environment. For more information, visit www.pacificeyelaser.com.

About Provident Healthcare Partners
Provident is the leading investment banking firm specializing in merger and acquisition advisory, strategic planning, and capital formation for healthcare companies. The firm has a comprehensive knowledge of market sectors and specialties, and unsurpassed experience and insight into the M&A process. For more information, visit www.providenthp.com.

Contact:

Provident Healthcare Partners
Gina Casiello
617-742-9800

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  • “After working with Provident on several transactions, it is evident that their extensive industry knowledge and deal expertise prove to be invaluable to their clients.”

  • “We would not have been successful navigating the process without Provident’s hard work and active participation. They exceeded our expectations and we would highly recommend them to any health care company seeking a knowledgeable and engaged investment banking firm.”

  • “Provident listened to our story, confirmed that our business was valuable and made us feel like this was the only transaction important to them.”

  • “Provident’s depth of experience and practical business savvy was demonstrated in their ability to cut through what sometimes looked like impasse.”

  • ”I have a tremendous amount of appreciation and gratitude to the Provident team for their hard work and diligence throughout this process. Each and every member of the Provident team is excellent at their jobs and it has been a pleasure working with such a professional team. Provident has provided outstanding guidance and counsel, and this deal could never have gotten done without Provident’s leadership.”

  • “While the decision to sell our business was a difficult one, Provident vigilantly represented and protected our best interests throughout the transaction.  Provident was the right choice for Cascade and I would recommend their services to anyone.”

  • “A lot of investment bankers were interviewed, Provident was chosen. Provident delivered. My clients could not be happier.”