BUSINESS: Private Equity KKR-Backed Covenant Physician Partners Sets New Partnership With Marietta Eye Clinic By Staff Monday, July 19, 2021 12:21 AM NASHVILLE, Tenn.—Atlanta’s Marietta Eye Clinic (MEC) has agreed to a new partnership deal with Covenant Physician Partners (Covenant), a Nashville-based portfolio company of KKR. MEC is a vertically integrated, multi-specialty eyecare platform providing comprehensive vision care services to patients in the Atlanta metro market, according to a recent announcement. The company has an expansive provider base, consisting of 32 ophthalmologists and optometrists, practicing out of 10 clinical locations and a surgery center. The terms of the transaction were not disclosed.Provident Healthcare Partners, a Boston–based health care investment banking firm, acted as advisor to Marietta Eye Clinic.“MEC is a premier ophthalmology practice with a reputation of quality clinical care for over 50 years,” Eric Major, managing director at Provident, said in the announcement. “The company's strong executive leadership team, led by chief executive officer Sue Fitzpatrick and Dr. Andre Cohen, is well-positioned to help expand eyecare services across the Southeast region with the support of the highly experienced and deep bench of Covenant.”Founded in 2008 in Nashville, Covenant Physician Partners has become a national physician services organization operating in 20 states in partnership with 70 practices and nearly 850 providers. It delivers a full range of administrative and clinical support functions to its partnered physicians and their staff.Dr. Cohen, managing partner at Marietta Eye Clinic, said that choosing Provident as an advisor helped the organization to find the right health care partner.“MEC's forward-looking approach and focus on quality care has helped the organization grow into one of the leading eyecare practices in the country. Its shared values and vision with Covenant will make for a very successful partnership and we look forward to seeing the organization continue to grow through this new chapter,” Provident vice president Steven Grassa added.