Revelstoke Capital Partners (“Revelstoke”), a Denver-based private equity firm, announced today that its portfolio company CEI Vision Partners, LLC (“CVP”), a leading ophthalmology management services organization, has completed partnerships with Retina Physicians and Surgeons, Inc. (“RPS”) and Dayton Eye Associates, Inc. (“DEA”).
“Our goal is to be the premier ophthalmology management services organization by providing best-in-class support services to and partnering with leading physicians and practices in the industry.”
DEA has 12 leading ophthalmologists and optometrists who specialize in a range of eye disorders including the treatment of cataract, glaucoma, oculoplastics, corneal disease, pediatric ophthalmology, and neuro-ophthalmology. DEA serves patients in three locations in the Dayton area.
RPS has 5 leading ophthalmologists who specialize in diagnosis and treatment of retinal diseases, such as macular degeneration, diabetic retinopathy, retinal tears and detachment, uveitis, and other diseases. RPS serves patients in two offices in Dayton and Troy.
In May 2018, Revelstoke and Cincinnati Eye Institute (“CEI”), one of the largest and most highly-regarded ophthalmology practices in the country, formed CVP to support the growth of leading ophthalmology practices. The partnerships with DEA and RPS expand CVP’s geographic presence and scale – combined, CVP’s partner practices comprise over 75 providers who complete over 300,000 annual patient encounters and over 30,000 annual surgical procedures in 19 clinics and 4 ambulatory surgical centers across 3 states.
Similar to CEI, DEA and RPS’s physician shareholders will retain ownership through CVP and, along with their existing employees, will continue in their current roles.
“The addition of DEA and RPS enable CVP to further integrate medical and surgical eye care services in the Greater Cincinnati and Dayton markets,” said Clyde Bell, CEO of CVP. “Our goal is to be the premier ophthalmology management services organization by providing best-in-class support services to and partnering with leading physicians and practices in the industry.”
“In collaboration with CVP’s management and physician leadership, we are off to a great start executing on our shared strategic vision. There is significant opportunity to accelerate growth organically and by adding practices. We are in active discussions with many premier practices to further extend CVP’s reach and capabilities,” said Andrew Welch, Managing Director at Revelstoke.
About CVP
CEI Vision Partners (“CVP”) is a premier ophthalmology management services organization formed in partnership with Cincinnati Eye Institute (“CEI”), one of the nation’s largest ophthalmology practices, and Revelstoke Capital Partners, a Denver-based private equity firm. CVP’s partner practices feature more than 75 industry-leading providers across all major sub-specialties in ophthalmology and optometry. CVP strives to attract best-in-class physicians and staff to deliver the highest quality eye care in the industry.
www.cvphealth.com
About Revelstoke
Revelstoke is a private equity firm formed by experienced investors who focus on building industry-leading companies in the healthcare and related business services sectors. Revelstoke partners with entrepreneurs and management teams to execute on a disciplined organic and acquisition growth strategy to build exceptional companies. Since the firm’s inception, Revelstoke has raised approximately $1.2 billion of equity and has completed 49 acquisitions, which includes 13 platform companies and 36 add-on acquisitions.
www.revelstokecp.com
