Here are four key points:
1. Through the deal, Blue Sea agreed to invest in Spectrum Vision Partners, a management services organization. Spectrum Vision Partners provides administrative support to OCLI.
2. OCLI operates Westbury, N.Y.-based Island Eye Surgicenter, a new surgery center with six operating rooms. The ASC has the ability to perform 20,000-plus procedures per year.
3. OCLI physician partners will maintain their roles within the group and will have ownership in Spectrum Vision Partners.
4. In its existing market, OCLI will continue operating under its current name.
More articles on transaction and valuation:
Health services deals exceed $17.4B in Q3: 6 key points
The makings of solid healthcare private equity investments: 4 things to know
Saint Thomas Rutherford, USPI building $16M+ surgery center following CON approval: 5 key points
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.