Sentinel makes strategic investment in Midwest Eye Consultants
Sentinel Capital Partners, a private equity firm that invests in promising companies at the lower end of the midmarket, has invested in a new partnership with Midwest Eye Consultants (Midwest Eye), a management service provider to eye care practices in Indiana and northwest Ohio. Midwest Eye is owned and managed by its founding doctors. The terms of the deal have not been disclosed.
Midwest Eye provides management services to one of the largest providers of integrated eye care services in Indiana and northwest Ohio. Midwest Eye’s affiliated optometry and ophthalmology practices provide patients with a full spectrum of eye care, including primary care, surgical services, LASIK and prescription eyewear. As of the closing, these practices operated in 54 locations, primarily in rural and secondary markets, and employed more than 74 healthcare specialists. Since its inception, Midwest Eye has completed 43 acquisitions, has invested meaningfully in its infrastructure to support growth via acquisition, and is well positioned to continue its growth strategy.
“Midwest Eye’s system is one of the fastest growing providers of eye care in Indiana and Ohio,” says Paul Murphy, a partner at Sentinel. “Midwest Eye’s highly experienced and tenured management team is deeply committed to providing world-class patient care and to supporting its partner providers. As an acquisition platform, Midwest Eye has a proven record and sophisticated infrastructure that enables it to attract new practices to its network and drive impressive growth.”
“We are very excited to partner with Sentinel in our next phase of growth,” says Dr Bruce Trump, Co-Founder and CEO of Midwest Eye. “Sentinel has deep experience assisting founder entrepreneurs in the healthcare services sector to pursue sustainable growth and offer meaningful value to healthcare providers. Our vertically integrated eye care delivery model is strategically differentiated and offers tangible value and high quality patient care.”