NEW YORK, NY, April 23, 2019 — Ludwick Eye Center (LEC), a regional leader in ophthalmic and optometry care headquartered in Chambersburg, Pennsylvania, was acquired by New Jersey-based Omni Eye Services, a portfolio company of New Mainstream Capital (NMS). The transaction between the two companies closed earlier this month. LEC’s practice includes five physician surgeons, four doctors of medical optometry and a certified physician assistant, more than 90 patient service employees, three clinics, two ambulatory surgery centers and an anesthesia company. With medical center-level care at the core of its practice, the company focuses on providing both complex and common ophthalmology and optometry needs of patients throughout small towns and rural communities in Central Pennsylvania and Northern Maryland. Scura Partners served as exclusive financial advisor to Ludwick Eye Center in this transaction.
As advisor to LEC, Scura Partners researched, reviewed and analyzed a range of strategic alternatives and business combination options with the goal of identifying, attracting and securing the optimal partner that would ensure an ongoing commitment to outstanding quality of care for all patients and the highest degree of integrity for employees. “We are grateful to have engaged Scura Partners as our financial advisor in this transaction with Omni Eye Services,” said David J. Ludwick, MD, CEO and medical director of LEC. “The Scura Partners team was creative, attentive and proactive while finding the right partner for our company. Everyone from the firm principal to each team member was available 24/7 to answer any questions or pursue any issues that arose. Through their hard work, we found the right fit with Omni Eye Services.”
About New Mainstream Capital
NMS Capital (“NMS”) is a New York headquartered private investment firm specializing in strategic equity investments and leveraged buyouts of lower middle market companies. The Firm was formed through the spin-out of a group of portfolio companies from the Goldman Sachs Merchant Banking Division. NMS focuses on companies headquartered in the U.S. poised to benefit from sustainable growth trends with particular concentration on companies in Healthcare Services and Specialized Business Services.
About Scura Partners
Scura Partners is a private investment banking firm, based in New York City, providing M&A advisory and capital raising services, with a focus on emerging growth, health care services, technology, finance, B2B and B2C services. Scura Partners’ partners have an average of more than twenty-five years of experience in a sweeping range of industries, providing nearly every investment banking product and service to their clients. For more information visit scurapartners.com.