Brentwood, Tenn.-based Surgery Partners quietly expanded its footprint in ophthalmology through an acquisition of Dallas-based Key-Whitman Eye Center, executives said during the company’s May 13 earnings call.
Here are four key takeaways:
1. Surgery Partners CFO David Doherty described the January 2024 transaction as an acquisition of an “ophthalmology book of business,” signaling a targeted approach to expanding the company’s specialty service lines.
2, According to a report from Cain Brothers, the financial advisor on the deal, Key-Whitman provides a range of procedures including cataract surgery, LASIK, oculoplastic services and other vision care treatments.
3. The group comprises 23 providers and operates nine clinics and two ASCs, strengthening Surgery Partners’ presence in the Texas market.
4. CEO Eric Evans noted that ophthalmology, alongside gastroenterology and musculoskeletal services, represents a major portion of Surgery Partners’ business. All three specialties, he added, are “growing at nice clips.”
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