Illinois Retina Associates

Overview

Deal Type Healthcare Investment Banking
Client & Transactional Partners Illinois Retina Associates
Retina Consultants of America
Webster Equity Partners
Our Role Sell-Side Advisor

Summary

Wyatt Ritchie | Jonah Schutzman

Cain Brothers, a division of KeyBanc Capital Markets, served as exclusive sell-side financial advisor to Illinois Retina Associates (IRA) on its strategic affiliation with Retina Consultants of America, a comprehensive physician management services organization formed by Webster Equity Partners. Financial terms were not disclosed.

IRA retained Cain Brothers due to its extensive history of advising physician practices, expertise in ophthalmology and retina, and deep relationships with the relevant buyers. This transaction continues Cain Brothers’ strong track record in the multi-site physician services sector and is the seventh retina specialty practice Cain Brothers has represented in the past three years.

Illinois Retina Associates was founded in 1975 and has grown to become the Midwest’s leading retina practice. IRA’s 12 board-certified and fellowship-trained ophthalmologists provide quality care to patients in the Chicagoland and northern Indiana geographies. The practice is comprised of 170 employees across 12 locations. IRA is a leader in the clinical research space, completing more than 120 clinical trials since the practice's inception.

Retina Consultants of America (RCA) is a network of leading retina specialists with the mission of saving sight and improving patient lives through innovation and the highest quality care. Through RCA’s physician-centered practice management model, physicians continue to drive clinical care and practice culture, while benefitting from the business expertise, resources, and shared best practices available through RCA.

Webster Equity Partners specializes in buying and building middle-market businesses in partnership with management across the healthcare services industry. Webster provides equity financing, expertise and a broad contact network for management buyouts and growth capital.

Recent Deals

November 2022

Mount Union Senior Lofts

$20MM

Construction loan & LIHTC equity

Construction
Low Income Housing Tax Credits

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November 2022

has affiliated with

a portfolio company of

 

Sell-Side Advisor

Healthcare Investment Banking

illinois-retina-associates
October 2022

The Heron apartments

$20 Million

High Leverage Bridge Loan

Bridge

the-heron-apartments
October 2022

has received a $500 million equity investment from

 

 

$500 Million

Sell-Side Advisor

Mergers & Acquisitions

longroad-energy
October 2022

has been acquired by

 

$185 Million

Exclusive Sell-Side Advisor

Mergers & Acquisitions

martin-door-holdings-inc
October 2022

Caesars Entertainment 

$3 Billion

Senior Secured Credit Facilities

Syndication Agent

Debt Capital Markets

caesars-entertainment-inc
October 2022

Richland Marketplace

 

$16.79 Million

Acquisition

Lender

Life Company

richland-marketplace
September 2022

 

$90 Million

Senior Secured Credit Facilities

Left Lead Arranger
Joint Bookrunner
Administrative Agent

uacl-logistics-holdings-llc
September 2022

Marylhurst Commons

$58.7 Million

Construction
Freddie Mac
Low Income Housing Tax Credits

marylhurst-commons
September 2022

 

$153 Million

Commercial Property Assessed Clean Energy Financing

Structuring Agent

Debt Capital Markets

black-desert-resort
September 2022

 

$260 Million

First Mortgage Bonds

Joint Lead Placement Agent

Private Placement

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September 2022

Southern Col MidCo, LLC

$170 Million

Senior Secured Notes

Joint Lead Placement Agent

Private Placement

southern-col-midco-llc
September 2022

 

$130 Million

First Mortgage Bonds

Joint Lead Placement Agent

Private Placement

duquesne-light-company
September 2022

Northern States Power Company (a Wisconsin Corporation)

$100 Million

First Mortgage Bonds

Sole Placement Agent

Private Placement

northern-states-power-company
September 2022

$600 Million

Delayed Draw Term Loan

$700 Million

Bridge Revolver

Joint Lead Arranger
Joint Bookrunner

Debt Capital Markets

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September 2022

Welltower 

$750 Million

Unitranche Joint Venture

First mortgage financing available for seniors housing & skilled nursing facilities

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September 2022

Welltower 

$5.2 Billion

Senior Unsecured Credit Facility

Joint Lead Arranger
Administrative Agent

welltower

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