Quad-C Management Completes Significant Transaction
Quad-C Management, Inc., a distinguished player in the private equity landscape, has successfully divested its stake in PRISM Vision Holdings, LLC, to the respected McKesson Corporation. This pivotal sale marks a significant milestone for both Quad-C and PRISM Vision, reflecting a strategic move within the healthcare sector.
Understanding PRISM Vision's Role in Eye Care
PRISM Vision is renowned for offering comprehensive general ophthalmology and retina management services. The organization boasts a robust network of over 180 qualified providers, supported by 91 office locations and seven specialized ambulatory surgery centers. Such extensive reach is indicative of PRISM Vision’s dedication to delivering exceptional eye care services, ultimately enhancing patient experiences across various environments.
Quad-C's Value Creation Strategy
Frank Winslow, a Senior Partner at Quad-C, expressed his enthusiasm following the exit, stating, "Collaborating with the PRISM Vision team has been immensely gratifying, and we take pride in successfully transitioning to McKesson. Our strategy revolved around growth acceleration through substantial investments in technology, infrastructure, and talent acquisition, coupled with our focus on broadening geographic presence and strategic partnerships." Under Quad-C’s guidance, PRISM Vision solidified its reputation for prioritizing superior patient access to eye care, setting the stage for lasting success.
Leadership Reflects on the Partnership
Dr. Steven Madreperla, CEO of PRISM Vision, shared his gratitude for Quad-C's pivotal role in their journey, stating, "We appreciate the unwavering support and strategic insight from Quad-C. Their assistance in developing our infrastructure and enhancing our care delivery model was crucial as we remained steadfast in our mission to provide unparalleled care. We are eager to embark on this next chapter with McKesson, focusing on care excellence and continued growth." Quad-C’s backing has been instrumental in PRISM Vision’s evolution, promoting sustainable growth and operational excellence within the healthcare framework.
Advisor Contributions in the Sale
The sale of PRISM Vision was facilitated by dedicated advisory roles. Greenhill & Co. operated as the financial advisor, ensuring optimal transaction outcomes, while McDermott Will & Emery provided legal counsel, supporting Quad-C throughout the process. Their expertise was essential in navigating the complexities associated with such a significant transaction.
About Quad-C Management
Established in 1989, Quad-C Management is based out of Charlottesville, Virginia. This middle market private equity firm places considerable emphasis on investing in established sectors such as business services, industrials, and healthcare companies. Over its extensive history, Quad-C has allocated more than $4 billion in capital towards 85 platform companies and facilitated over 385 add-on acquisitions. The firm is unwavering in its commitment to collaborating with entrepreneurs and management teams to drive growth, innovation, and long-term value creation in their respective fields.
Frequently Asked Questions
What was the recent transaction involving Quad-C Management?
Quad-C Management completed the sale of PRISM Vision Holdings, LLC to McKesson Corporation, marking a significant move in the healthcare sector.
What is PRISM Vision known for?
PRISM Vision specializes in general ophthalmology and retina management services, boasting numerous providers and locations dedicated to superior eye care.
Who commented on the sale from Quad-C's team?
Frank Winslow, a Senior Partner at Quad-C, highlighted the successful collaboration with PRISM Vision during the transition to McKesson.
How did Dr. Steven Madreperla view the partnership with Quad-C?
Dr. Madreperla expressed gratitude for Quad-C's support, acknowledging their role in enhancing PRISM Vision's infrastructure and success trajectory.
What is Quad-C's focus as a private equity firm?
Quad-C focuses on investing in established business services, industrials, and healthcare companies, aiming for growth and long-term value creation.
