Shore Capital Partners Announces Sale of EyeSouth Partners

Shore Capital Partners, a Chicago-based private equity firm, has announced the sale of EyeSouth Partners, an eye care management services organization, to Olympus Partners.

Terms of the deal were not disclosed. 

Shore formed EyeSouth in 2017 with the goal of creating a leading ophthalmology platform in the South. At the time of founding, Shore completed a strategic partnership with Georgia Eye Partners, and its founding physician, Eugene Gabianelli, MD, was appointed Chief Medical Officer of EyeSouth. Led by Chief Executive Officer Rex Adams, EyeSouth has grown its affiliate network from 5 locations to over 155 locations throughout Georgia, Texas, Louisiana, Florida, Tennessee, Ohio, Kentucky, Pennsylvania, Alabama, North Carolina and Illinois.

“We are extremely proud of what the EyeSouth team has built,” Justin Ishbia, Chairman of the EyeSouth Board and Founder and Managing Partner of Shore, said in a company news release. “Through the company’s significant growth, the EyeSouth team remained committed to clinical quality and a patient-first culture above all else. With strong executive management in place under Rex’s leadership, we look forward to following EyeSouth’s continued growth as a leading national eye care provider.”

“EyeSouth’s doctor ownership model and industry-leading support services have enabled the company to rapidly expand from 12 doctors at founding to over 270 doctors currently,” said Chris Mioton, Member of the EyeSouth Board and Partner at Shore. “EyeSouth recently entered Illinois, its 11th state, and has experienced incredible momentum since the company’s creation five years ago. We wish the EyeSouth team continued success in their next chapter with Olympus.”

Shore has approximately $3 billion of cumulative capital commitments through various investment vehicles. For more information, please visit: www.shorecp.com.