Visual Health & Surgical Acquired by Quigley Eye Specialists
- November 15, 2021
The Bloom Organization (“Bloom”) is pleased to announce that its client, Visual Health & Surgical Center has been acquired by Quigley Eye Specialists (“QES”), a Florida leader in the diagnosis and treatment of vision disorders, on November 12, 2021.
Visual Health & Surgical Center (“VHSC”) is a modern multi-specialty ophthalmic facility equipped with the latest in diagnostic and treatment equipment at their two ASC and clinic locations in Palm Beach County. Many of VHSC’s physicians are world-renowned in their subspecialties and are asked to teach and share their knowledge of cataract surgery, diabetic retinopathy, macular degeneration, corneal transplants, and external eye diseases, and glaucoma management.
Dr. Tom Coffman, the founder of Visual Health, has been practicing ophthalmology in Palm Beach County since 1973. Thanks to Dr. Coffman and his team, VHSC is widely respected throughout Palm Beach County and the larger ophthalmic world. According to Allergan, Dr. Coffman has implanted more multi-focal lenses than anyone in the world. “A big factor in determining a partner was to make sure that they will continue to provide our patients in Palm Beach County the skill and quality of care that is expected out of VHSC”, explained Dr. Coffman. “With the help of Bloom, we began discussions with Quigley Eye Specialists and felt confident that QES was aligned with VHSC’s core values and commitment to providing the best quality of patient care.”
“Our relationship with Henry Bloom [Founder and President of The Bloom Organization] began nearly 20 years ago when Tom and I first approached The Bloom Organization to provide us their expertise in the healthcare industry” noted Madonna Coffman, CEO of VHSC. “Their professionalism and continual commitment to their clients’ best interests are why we continued to work with Bloom on multiple transactions over the years.”
Earlier this year, QES entered the South Florida market with an acquisition in Miami-Dade County and now expands into Palm Beach County with the VHSC transaction. “Even though many private equity-backed eye platforms have made acquisitions in Florida, the state is still a fragmented market with numerous attractive independent groups available for the eye platforms to grow their market share,” said Phil Russo, Vice President at The Bloom Organization and project manager for the VHSC opportunity. “Over the past couple of years, the Florida ophthalmology market has been active in the M&A space, and the robust activity is expected to only continue heading into the new year.”
The Bloom Organization has 30+ years of experience working exclusively on healthcare transactions assisting physicians, health systems, and private equity firms in market consolidation strategies. For more information, please contact Hallie Berk, Vice President of Business Development at Bloom.