CHICAGO, IL – February 7, 2020; City Capital Advisors, a leading boutique investment bank serving middle market companies, announced today that it acted as exclusive financial advisor to Arbor Centers for EyeCare (“Arbor”) in the formation of Ocular Partners. Ocular Partners is a strategic partnership between Arbor and Chicago Eye Institute, two of the leading ophthalmology practices in the greater Chicagoland area, and MoonSail Capital and Plenary Partners, two middle market healthcare-focused private investment firms with a proven track record of partnering with physician practices to build market leading service organizations. Terms of the transaction were not disclosed.
Arbor Centers for EyeCare has been providing patients in the greater Chicagoland area with comprehensive and subspecialty ophthalmic care since 1947. Arbor’s team of talented, highly credentialed and compassionate professionals have built an unparalleled reputation for their clinical and surgical excellence and industry leadership. Dr. Chris Albanis, Arbor’s Managing Partner, who will serve as the Founding Chief Executive Officer of Ocular Partners, shared the broader goal of the new venture: “We believe that with MoonSail Capital and Plenary Partners supporting our growth initiatives to attract best-in-class ophthalmic practices that share our passion for preserving and restoring the gift of sight, we will become the premier clinically and surgically-focused eyecare platform in the Midwest and beyond.“ City Capital Advisors worked closely with Arbor’s management and physician owners through a thoughtful strategic process to identify, structure and negotiate a transaction that best met the goals and objectives of the group and its physician owners. “City Capital was instrumental in helping us choose the best path forward for our group,“ offered Dr. Albanis. “We appreciated City Capital’s expertise and leadership, allowing our team to successfully navigate the challenges involved with a transaction of this nature.”
City Capital Advisors
City Capital Advisors, a FINRA registered broker-dealer, is a results-driven investment banking advisory firm. Each of City Capital’s Managing Directors has more than 25 years of investment banking experience, offering clients judgment and transaction management expertise honed from successfully executing more than 500 merger & acquisition and capital raising transactions, collectively, over their professional careers. Our client engagements are managed exclusively by our experienced senior investment bankers, and we pride ourselves on our consistent record of achieving superior results for our clients.