Alpine Capital, LLC announced today that it has provided $7.5 million in financing, which consisted of a $3 million senior secured revolving line of credit, a $2.5 million senior secured term loan, and a $2 million equipment lease line to Claris Vision Holdings. Proceeds from the financing will go towards working capital purposes, including the refinancing of outstanding indebtedness, and supporting the growth CAPEX and potential future acquisitions.
Claris Vision was formed in 2011, bringing together some of New England’s top eye care practices to provide the most comprehensive spectrum of vision care services available in the region. Claris Vision’s team of over 45 leading physicians is dedicated to providing the best clinical care, utilizing leading technology and ensuring an individualized experience and high quality care plan for each patient. Existing Claris Vision services include comprehensive eye exams, urgent/emergency care, eyewear assistance at optical shops, contact lenses exams, diagnosis and treatment of glaucoma, cataract surgery, intraocular lens implants (IOL), macular degeneration treatment, diabetic retinopathy, dry eye treatment, laser vision correction (LASIK), vitreoretinal disease and surgery and oculoplastics.
"Alpine Capital worked diligently to structure a capital solution that met our growth needs,” said Marcello Celentano, CEO of Claris Vision. “It was evident through their healthcare finance industry expertise and strong understanding of the eye care space specifically that we were partnering with the best capital source possible. We are delighted to have Alpine as our lending partner."
"With its strong capitalization, excellent management team, leading market presence and high demand for their eye care services, Claris Vision is a provider that we’re very pleased to support,” said Alan Regdos, CEO of Alpine Capital. “Claris Vision is an example of how our services can help support practices to maximize growth and thrive in a highly competitive environment.”
About Alpine Capital
Alpine Capital is a healthcare-focused, specialty financial services firm that provides senior debt solutions to the healthcare industry. The team has over 45 years of collective healthcare finance experience and has funded more than $2.5 billion in financing commitments. With the ever-changing healthcare industry including a complex regulatory environment, declining reimbursement and an aging patient base, there’s even greater pressure on healthcare providers today. Alpine Capital provides creative solutions to solve the evolving challenges healthcare providers are facing.
About Eye Care Leaders
Eye Care Leaders (ECL) is a family of companies that serves more than 6,000 ophthalmologists and optometrists, with the common goal of improving the efficiency, profitability and competitiveness of eye care practices. ECL brings together the most trusted names in electronic health records including Medflow, MDoffice, ManagementPlus, IO Practiceware and EyeDoc, in addition to a comprehensive suite of business solutions including revenue cycle solutions, analytics and benchmarking, patient retention and acquisition and capital financing. With a sole focus on eye care, ECL understands the challenges physicians face, and brings solutions to complex challenges to help practices reach their goals and succeed. For more information, please visit www.eyecareleaders.com or join us on Facebook, Twitter, and LinkedIn.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161013005268/en/Business Wire
Last updated on: 13/10/2016
PharmiWeb.com is Europe's leading industry-sponsored portal for the Pharmaceutical sector, providing the latest jobs, news, features and events listings.
The information provided on PharmiWeb.com is designed to support, not replace, the relationship that exists between a patient/site visitor and his/her physician.