HIG Capital Portfolio Firm American Imaginative and prescient Companions Continues Strategic Growth Via Partnership With Southwest Eye Institute
SAN FRANCISCO – (BUSINESS WIRE) – HIG Capital (“HIG”), a number one world different funding agency with $ 43 billion in fairness below administration, right this moment introduced that its holding firm, American Imaginative and prescient Companions (“AVP” or the “Firm”), has entered right into a strategic partnership with the Southwest Eye Institute, based mostly in El Paso, Texas. The partnership will develop AVP’s footprint and function a platform for growth into Texas and New Mexico with the area’s main eye care apply.
The Southwest Eye Institute, based in 2004, is the most important eye care apply in El Paso, Texas, with further operations in Las Cruces, New Mexico.
The Southwest Eye Institute will proceed to function with no adjustments to its present model, distributors or employees, and sufferers will proceed to obtain the best high quality care with the extra assist, know-how and gear from AVP. The partnership may even present sufferers with higher entry to care by new facility openings and extra subspecialty protection. Dr Marc Ellman, who based the Southwest Eye Institute and can proceed to guide the apply, mentioned, “From the beginning, I’ve at all times had a easy motto for offering medical care, which is to deal with each affected person as she or he is. he was a member of his household. . This partnership will enable us to proceed to mix compassion with the very best complete eye care potential. ”
“Our workforce could be very glad to work with the Southwest Eye Institute workforce. We assist their patient-focused mission and look ahead to partnering with them to offer even broader and stronger care to this new geographic area for AVP, ”mentioned Randy Dobbs, CEO of American Imaginative and prescient Companions.
Kevin Van Culin, Managing Director of HIG Capital, mentioned, “We stay excited concerning the progress prospects of AVP, the main eye care apply administration group within the South West. This partnership suits completely with AVP’s progress technique by partnering with the best high quality physicians to offer wonderful medical care.
The transaction with Southwest Eye Institute represents the eleventh partnership carried out by American Imaginative and prescient Companions.
Sheppard, Mullin, Richter & Hampton LLP and Proskauer Rose LLP offered authorized recommendation, and Ernst & Younger Capital Advisors acted as unique monetary advisor to the Southwest Eye Institute on the transaction. McDermott Will & Emery LLP offered authorized recommendation to AVP and HIG
About American Imaginative and prescient Companions
American Imaginative and prescient Companions (“AVP”) is among the largest and quickest rising eye care service organizations within the nation. AVP serves communities in Arizona, Texas, New Mexico and Nevada with greater than 130 nationally acknowledged physicians and 70 places, together with 23 outpatient surgical procedure facilities and 25 satellite tv for pc clinics. We associate with the nation’s most revered ophthalmology practices and share a number one administration system, infrastructure and know-how to offer the best high quality affected person care. Our associate corporations, together with Barnet Dulaney Perkins Eye Heart, Southwestern Eye Heart, Arizona Retinal Consultants, M&M Eye Institute, Abrams Eye Institute, Havasu Eye Heart and now Southwest Eye Institute, apply on common for over 30 years. For extra data, please go to www.AmericanVisionPartners.com.
Concerning the Southwest Eye Institute
The Southwest Eye Institute is devoted to offering the absolute best medical and surgical eye care to sufferers in West Texas, southern New Mexico, and northern Mexico. They supply this care in essentially the most compassionate method potential, with the purpose of at all times treating every affected person the identical method we wish our personal households to be handled.
With places in El Paso, Texas and Las Cruces, New Mexico, they pleasure themselves on serving their neighborhood with the most recent know-how, trusted physicians, and caring groups.
About HIG Capital
HIG is a number one different asset funding agency with $ 43 billion in fairness below administration. * Based mostly in Miami, and with places of work in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco and Atlanta in the USA, in addition to worldwide affiliate places of work in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, HIG makes a speciality of offering debt and fairness capital to small and medium-sized enterprises, utilizing a versatile and operations-oriented / value-added system approaching:
- HIG’s fairness funds put money into administration buyouts, recapitalizations and firm exclusions in worthwhile and underperforming manufacturing and repair corporations.
- HIG Debt Funds put money into senior, unitranche and junior debt financings to corporations of all sizes, each on a major (direct origin) foundation and in secondary markets. HIG can be a major supervisor of CLO, by its WhiteHorse household of autos, and operates a publicly traded BDC, WhiteHorse Finance.
- HIG’s actual property funds put money into value-added properties, which may profit from finest asset administration practices.
Since its inception in 1993, HIG has invested and managed over 300 corporations world wide. The corporate’s present portfolio contains greater than 100 corporations with mixed gross sales of over $ 30 billion. For extra data, please go to the HIG web site at www.higcapital.com.
* Based mostly on whole capital commitments managed by HIG Capital and its associates.