Comprehensive EyeCare Partners - Gauge Capital Investment

Portfolio Company Update  |  April 23, 2021

Evergreen Eye Center Enters Partnership with Comprehensive EyeCare Partners

Las Vegas, NV and Seattle, WA (April 23, 2021) Comprehensive EyeCare Partners, one of the largest vision care practice management organizations in the nation, is pleased to announce a strategic partnership with Evergreen Eye Center, a leader in medical and surgical eye care in Puget Sound with practice locations in Federal Way, Auburn, Seattle, Burien, and Tacoma.

For more than 20 years, Evergreen Eye Center (EEC) surgeons have been pioneers in cataract surgery in the region and have helped advance the standard of eye care in the Northwest. EEC surgeons performed the first bladeless laser cataract surgery in the state and were the first in the Puget Sound to offer dropless cataract surgery (no weeks-long postsurgical eyedrops).

“As we looked at how we could take our business to the next level, it made sense to partner with Comprehensive EyeCare Partners and its affiliated world-class ophthalmic practices who share our same values to deliver superior clinical and surgical outcomes,” said Dr. Robert Tester from Evergreen Eye Center.

“The entire Evergreen Eye Center team is very excited to partner with Comprehensive EyeCare Partners. This collaborative relationship will enable us to grow the Evergreen brand in the Northwest on a scale not previously possible,” said Ken Cole, CEO of Evergreen Eye Center.

Drew Johnson, Co-Founder & Managing Partner at Gauge Capital, said, “Evergreen Eye Center is a premier ophthalmology practice and one of the clear leaders in the Pacific Northwest. We’re extremely excited to welcome them to Comprehensive EyeCare Partners and look forward to continuing to grow the business together.”

Evergreen Eye Center is the first Washington state ophthalmology practice to partner with Comprehensive EyeCare Partners.

“We are grateful to partner with Evergreen Eye Center and inspired to join in their commitment to delivering the most advanced treatments to the Puget Sound community,” said Charles L. Smith, CEO of Comprehensive EyeCare Partners. “This partnership is foundational to our mission of building the nation’s preeminent eye care services company by partnering with world-class physicians, driving superior clinical and surgical outcomes, and optimizing the patient experience.”

Bailey Southwell & Co. served as the exclusive financial advisor to Evergreen Eye Center. Terms of the transaction were not disclosed.

About Evergreen Eye Center
Evergreen Eye Center is a leader in medical and surgical eye care in Puget Sound. EEC surgeons are pioneers in cataract surgery in the region, having introduced micro-incisional treatment, then bladeless laser cataract surgery and, most recently, dropless cataract surgery. In addition, our ophthalmologists are committed to the highest levels of patient-centered care, including making eye care as comfortable, quick, and effective as possible through today’s most advanced technologies and procedures.

About Comprehensive EyeCare Partners
Comprehensive EyeCare Partners (CompEye), a portfolio company of Gauge Capital, is one of the largest vision care management services organizations in the United States and headquartered in Las Vegas. CompEye provides best-in-class, full-spectrum practice management and administrative services to its affiliated physicians and practices in support of its mission to deliver clinical excellence. CompEye currently provides support services to 62 doctors, 33 clinics, and 7 ambulatory surgery centers across six practices in both Southern and Northern Nevada and 1 practice in Washington state.

About Gauge Capital

Gauge Capital is a private equity firm that partners with founders, managers and equity stakeholders of successful middle market companies to maximize their potential. Gauge invests in rapidly growing services and technology-enabled companies in the healthcare services, business services, industrial, consumer and food sectors. For more information, please contact Andrew Peix, Managing Director of Business Development at apeix@gaugecapital.com.