EyeSouth Partners, a portfolio company of Olympus Partners, announced on June 13 that it acquired two Charleston MSA-based eye care practices: Eyecare Physicians & Surgeons and Carolina Cataract & Laser Center.
These acquisitions mark EyeSouth Partners’ entry in South Carolina as well as the company’s first acquisitions of 2023. The financial terms were not disclosed.
Eyecare Physicians & Surgeons provides high-quality eye care services. According to its website, the practice operates out of three locations in the Charleston, South Carolina area and is run by two providers, Dr. Kent and Dr. Lally.
Carolina Cataract & Laser Center operates three locations in the Charleston MSA. According to its website, the practice is run by six providers.
EyeSouth Partners is an eye care services organization in the Southeast. EyeSouth’s affiliate network consists of 35 practices with more than 290 doctors providing medical and surgical eye care services at more than 170 locations including 19 surgery centers throughout Georgia, Texas, Louisiana, Florida, Tennessee, Ohio, Kentucky, Pennsylvania, Alabama, Illinois, North Carolina and South Carolina. EyeSouth supports its affiliated practices and physician partners with strategic guidance, administrative resources, operating expertise and capital.
According to data captured in the LevinPro HC database, this acquisition marks the 270th Physician Medical Groups transaction of 2023, and the 27th in the eye care specialty. Private equity firms and/or their portfolio companies represent 63% of the buyers in the eye care specialty in 2023.
