Harris Williams Advises The Retina Group of Washington on its Transaction with PRISM Vision Group

July 1, 2020

Harris Williams, a global investment bank specializing in M&A advisory services, announces that it advised The Retina Group of Washington (RGW) on its transaction with PRISM Vision Group (PRISM), a portfolio company of Quad-C. RGW is a leading provider of retinal and macular care in the greater Washington, D.C., Maryland, and Virginia (DMV) region and, as part of the PRISM network, will be the platform practice for building a vertically integrated eye care network in the region. The transaction was led by Andy Dixon, Paul Hepper and Brian Jones of the Harris Williams Healthcare & Life Sciences (HCLS) Group and Beau Pierce of the firm’s Richmond office.

“The RGW team has built a tremendous organization,” said Andy Dixon, a managing director at Harris Williams. “We are thrilled to have represented them in this transaction and are excited that the company has found a partner that will support RGW’s growth initiatives and mission of delivering the highest-quality vision care to the DMV region.”

“Despite today’s uncertain environment, vision remains one of the most active sectors in healthcare, and this transaction adds to our firm’s successful track record of advising premier ophthalmology practices,” said Paul Hepper, a managing director at Harris Williams. “We are excited to see what RGW and PRISM will accomplish in this next chapter.”

With 17 locations throughout Virginia, Maryland and Washington, D.C., RGW is one of the largest ophthalmology practices in the U.S., and one of the largest practices solely dedicated to retinal care. The team is comprised of experienced retinal physicians and surgeons, who are both local and national leaders in treating vitreoretinal diseases.  RGW’s clinical reputation, growth profile, and scalable infrastructure make it a well-suited platform for building a vertically integrated eye care network in the DMV region.

PRISM is one of the largest, independent ophthalmology and retina administrative services organizations in the Mid-Atlantic region. With roots that reach back over 30 years, PRISM is a physician-led organization with a mission to support ophthalmology practices in providing patients with world-class, comprehensive eye care. In addition, PRISM has built a premier practice environment for their network of affiliated physician groups and employees.

Founded in 1989 and headquartered in Charlottesville, Virginia, Quad-C is a middle market private equity firm focused on investing in well-established business and consumer services; healthcare; industrials; specialty distribution; and transportation and logistics companies. In its three-decade history, Quad-C has invested over $3 billion of capital in over 65 companies. The Quad-C team is committed to partnering with entrepreneurs and management teams to accelerate growth and create long-term value.

Harris Williams, an investment bank specializing in M&A advisory services, advocates for sellers and buyers of companies worldwide through critical milestones and provides thoughtful advice during the lives of their businesses. By collaborating as one firm across Industry Groups and geographies, the firm helps its clients achieve outcomes that support their objectives and strategically create value. Harris Williams is committed to execution excellence and to building enduring, valued relationships that are based on mutual trust. Harris Williams is a subsidiary of the PNC Financial Services Group, Inc. (NYSE: PNC).

The Harris Williams HCLS Group has experience across a broad range of sectors, including healthcare providers; payors and payor services; outsourced pharmaceutical services; medical device supply chain; healthcare IT; and pharmacy. For more information on the HCLS Group and other recent transactions, visit the HCLS Group’s section of the Harris Williams website.

Harris Williams LLC is a registered broker-dealer and member of FINRA and SIPC. Harris Williams & Co. Ltd is a private limited company incorporated under English law with its registered office at 8th Floor, 20 Farringdon Street, London EC4A 4AB, UK, registered with the Registrar of Companies for England and Wales (registration number 07078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. Corporate Finance Advisors GmbH is registered in the commercial register of the local court of Frankfurt am Main, Germany, under HRB 107540. The registered address is Bockenheimer Landstrasse 33-35, 60325 Frankfurt am Main, Germany (email address: hwgermany@harriswilliams.com). Geschäftsführer/Directors: Jeffery H. Perkins, Paul Poggi. (VAT No. DE321666994). Harris Williams is a trade name under which Harris Williams LLC, Harris Williams & Co. Ltd and Harris Williams & Co. Corporate Finance Advisors GmbH conduct business.