PGP Serves as Transaction Advisors for Arizona Eye Institute & Cosmetic Laser Center
In June 2020, Physician Growth Partners (PGP) advised Arizona Eye Institute & Cosmetic Laser Center (Arizona Eye) and its subsidiaries in a sale to Eyecare Partners (ECP). This strategic acquisition bolsters the footprint for EyeCare Partners across the broader Phoenix market.
Who is Arizona Eye?
Arizona Eye is a leading ophthalmology group based in the Northwest Phoenix market led by Dr. Emilio Justo, along with four associates across three locations and a surgery center. Arizona Eye has been in operation for over 30 years and has deep ties to the Northwest Phoenix market with a reputation for clinical excellence. Dr. Justo began exploring partnership opportunities as he recognized an inflection point in the business’ path. With a strategic partner, the business is able to tap new markets and expertise to execute Dr. Justo’s vision.
PGP offers unmatched experience, market knowledge and relationships across the specialty physician space. Our deep, and successful track record includes transactions in a multitude of specialties including ophthalmology, dermatology, pain management, gastroenterology, ENT, urology, and orthopedics, among others, all with different transaction goals and shareholder structures. PGP has dealt with and successfully overcome all of the hurdles that can occur when going through a transaction process. PGP supplements its experience in the space with unparalleled access to senior leadership throughout the entirety of the transaction process. We emphasize transparent communication, and a constant focus on ensuring the founding physician’s specific goals are met. Through a blend of experience and differentiated service, PGP believes it provides superior advisory services for independent physicians interested in pursuing a transaction with private equity.
Combating a National Pandemic
Navigating a transaction process during a national pandemic presented its own set of challenges, however, PGP remained unwavering in its approach in order to ensure an optimal outcome for Arizona Eye. Leveraging past experience and market knowledge throughout the negotiation process allowed for swift execution that drastically reduced timelines. Additional diligence and support was necessary to provide comfort that short term circumstances wouldn’t affect long-term goals, and ultimately allowed the business’ medical mission to stay intact.
Choosing Eyecare Partners
Arizona Eye ultimately chose Eyecare Partners(ECP), a national eye care leader backed by the Partners Group. Arizona Eye recognized the cultural fit along with the leadership and support from EyeCare Partners in continuing to develop the leading eye care platform in the Phoenix market.