Brown Gibbons Lang & Company (BGL) is pleased to announce the creation of a new partnership between Medical Center Ophthalmology Associates (MCOA) and EyeSouth Partners (EyeSouth) resulting in the addition of MCOA’s seven San Antonio-based ophthalmology clinics to EyeSouth’s Southern ophthalmology network. BGL’s Healthcare & Life Sciences team served as the exclusive financial advisor to MCOA in the transaction. The transaction furthers BGL’s Healthcare & Life Sciences team’s commitment to retail medicine — and more broadly, the provider services sector — and represents BGL’s fifth completed provider services transaction in 2020. The specific terms of the transaction were not disclosed.
Based in San Antonio, Texas, MCOA has grown to become one of the leading eye care providers in the Greater San Antonio area. Today, the practice serves the community through 14 providers within seven clinical locations and is supported by approximately 130 clinical and administrative staff. MCOA provides comprehensive vision care in areas such as diseases of the retina, cataract surgery, cornea and glaucoma treatment, as well as through a nationally recognized clinical research program.
Headquartered in Atlanta, Georgia, the EyeSouth network now consists of 19 practices with approximately 140 doctors providing medical and surgical eye care services at approximately 80 locations, including 11 surgery centers throughout Georgia, Texas, Louisiana, North Carolina, Florida, Tennessee, and Alabama. MCOA is the second Texas-based practice to affiliate with EyeSouth.
EyeSouth is a portfolio company of Shore Capital Partners, a healthcare-focused private equity firm.