Retina Consultants of America (RCA) announced on November 4 that it acquired Illinois Retina Associates for an undisclosed amount. This marks RCA’s first transaction in Illinois.
RCA is a physician management services organization formed by Webster Equity Partners and based in Southlake, Texas. RCA partners with retina specialists who seek a strategic partner with the capital resources and expertise to invest in their practice infrastructures and position them for continued growth in their markets. RCA operates in more than 180 locations in 17 states.
Founded in 1976, Illinois Retina Associates is devoted to diagnosing and treating diseases of the retina, macula and vitreous in Chicago and the surrounding suburbs. It is run by 12 providers and has 12 locations.This acquisition adds 12 locations and 12 physicians to RCA’s network.
According to the LevinPro HC database, this is also RCA’s 8th acquisition of the year and 16th since 2020. It also represents the 512th Physician Medical Groups (PMG) acquisition of 2022, 76 in the ophthalmology/optometry subsectors.
