There is unprecedented capital in market, the lowest interest rates in US history and strong acquirer motivations for high quality healthcare companies. The M&A market for healthcare companies continues to strengthen as we approach 2021. The firm invests in growing service businesses with predictable fundamentals in business, consumer, financial and healthcare services. Pine Tree Equity, founded in January 2007 and based in Miami, FL, is a private equity firm focused on the investment in and expansion of small capitalization companies – with revenue of $10.0 to $50.0 million – in partnership with founding management. “There has never been an organization in the state with a bench that includes this level of entrepreneurial talent or information systems!”Īran Eye and 20/20 Eye mark Pine Tree Equity’s 78th and 79th investments since inception in 2007 (i.e., 26 platform and 53 add-on acquisitions). There is no better way than through this combination of both managed service providers and actual care providers that we can serve both the patients and the plans with best in class care and service,” said Lee Stern, Chief Executive Officer of iCare. “We are thrilled to have the opportunity to bring together such a strong team of both entrepreneurs and executives. The platform provides services on an “at-risk” basis as well as under “non-risk” fee-for-service contracts. Emilio Balius and headquartered in Miami, FL, is the largest ophthalmology practice in Florida with 20 owned practices, 3 ambulatory surgery centers and 1 laser center in Miami Dade and Broward Counties.
Moreover, 20/20 Eye Care provides direct ophthalmology and optometry services to patients through 17 owned practices in Broward and Palm Beach Counties.Īran Eye, founded in 1986 by Dr. 20/20 Eye serves over 600 thousand members and maintains a network of over 300 ophthalmology and optometry providers. Robert Coppola and headquartered in Fort Lauderdale FL, is a managed service provider for ophthalmology and optometry services in Florida. Moreover, iCare provides direct optometry services to patients through 14 owned practices in Miami-Dade County.Ģ0/20 Eye, founded in 1989 by Dr. iCare serves over 1.2 million members and maintains a network of over 1,200 ophthalmology and optometry providers. ICare, founded in 1982 and headquartered in Miami, FL, is the leading managed service provider for ophthalmology and optometry services in Florida. The combination expands iCare to become the largest “integrated” provider of eye care in Florida as both the largest managed service provider as well as the largest ophthalmology and optometry provider with over 55 owned locations. (“Aran Eye”) and 20/20 Eye Care Network, Inc. Through these contract arrangements, eye care services are offered to you, and all other vision insurance plan participants, at discounted rates.Pine Tree Equity IV, LP (“Pine Tree Equity”), a private equity firm based in Miami, FL, is pleased to announce that iCare Health Solutions, LLC (“iCare”) has partnered with the founders of both Aran Eye Associates, P.A.
The majority of the time, eye care provider networks contract with vision insurance organizations. With vision benefits that are purchased directly from a vision insurance company, the plan will – more than likely – function like a PPO plan. With vision insurance that is added to an indemnity insurance plan, participants can typically use any provider they want.ĭid you purchase vision benefits directly from a vision insurance company? In-network providers are typically less expensive and – depending on your specific coverage and co-payment requirement – can be completely covered.Īre your vision benefits added on to an indemnity insurance plan? With vision insurance that is joined to a PPO (preferred provider organization), plan participants can usually utilize out-of-network providers, but at a greater cost. With an HMO (health maintenance organization), plan participants are usually required to obtain vision services only from in-network providers.