BUSINESS New Private Equity Investor Takes Majority Stake in EyeSouth Partners By Staff Monday, October 3, 2022 12:30 AM ATLANTA—EyeSouth Partners, a comprehensive ophthalmology platform, based here, announced that private equity firm Olympus Partners has taken a majority stake in the company. Founded in 1988, Olympus is an active, long-term investor across a broad range of industries including business services, consumer products, health care services, financial services, industrial services and manufacturing. Prior to the acquisition, EyeSouth was backed by Shore Capital Partners, a Chicago-based private equity firm that had managed the company’s growth since its founding in 2017. EyeSouth’s physicians will remain significant investors alongside Olympus and management, the company said.“EyeSouth Partners has had exponential growth over the last five years thanks to our doctor leadership, our focus on patient care with superb medical outcomes, our experienced management team, and the support of Shore Capital. We are very excited about this next phase of our growth and the opportunity to serve even more patients across the United States,” said Rex Adams, chief executive officer at EyeSouth Partners. “We are thrilled to partner with Rex, the rest of the management team, and the exceptional doctors and clinicians at EyeSouth,” said Griffin Barstis, principal at Olympus. “They have built the leading medically focused national platform in ophthalmology. We look forward to supporting the organization’s further expansion as they continue their mission of providing the highest quality eyecare to patients across the U.S.” Last week, VMAIL reported that EyeSouth Partners welcomed two more practices in Chicago into its portfolio, Arbor Centers for EyeCare and the Chicago Eye Institute, bringing the company to a total of 33 practices throughout the country. In the fourth quarter of 2022, EyeSouth and their affiliated practices also onboarded 20 doctors throughout the U.S., which included four glaucoma and cataract fellows, three retina fellows, three oculoplastic fellows, one pediatric fellow, four comprehensive ophthalmologists and six optometrists. EyeSouth’s affiliate network consists of over 270 doctors providing medical and surgical eyecare services at over 155 locations in 11 states across the U.S.