H.I.G. Capital, a global private equity investment firm with $21 billion of equity capital under management, announced that one of its affiliates has made a strategic investment in Barnet Dulaney Perkins and Southwestern Eye Center.
Terms of the deal were not disclosed.
For over 30 years Barnet Dulaney Perkins and Southwestern have been leaders in providing best-in-class surgical and clinical ophthalmic care to patients in the Phoenix metro area and throughout Arizona, including a strong commitment to providing care in underserved rural areas. With over 40 locations throughout Arizona and New Mexico, Barnet Dulaney Perkins and Southwestern offer a full range of ophthalmic care including treatments for cataracts, glaucoma, and retinal disorders as well as vision correction and oculoplastics.
“We are very pleased to be partnering with the doctors, employees, shareholders and management teams of Barnet Dulaney Perkins and Southwestern. Both practices have been leaders in their market and have a tremendous reputation for high quality patient care,” Rob Wolfson, Managing Director at H.I.G. Capital, said in a company news release. “We plan to leverage the companies’ unique scale and best practices to continue to provide excellent clinical care, which is the foundation for sustained growth in Arizona and throughout the Southwest.”
Mark Rosenberg, who has been the Chief Executive Officer of Barnet Dulaney Perkins, will lead the companies’ day-to-day operations. Dr. Lothaire Bluth, the founder of Southwestern, will become the Chairman of the Board.
“With the evolving healthcare landscape, it is important that independent providers work together to share resources and best practices. We are excited to partner with H.I.G. and BDP to continue to deliver great patient care and career opportunities for all of our employees,” said Dr. Bluth.
“The entire BDP team is looking forward to the partnership with H.I.G. and Southwestern. BDP and Southwestern have been friendly competitors for years and share similar cultural values," Mr. Rosenberg said in the news release. "We are looking forward to working together to better serve our patients throughout Arizona.”