Operating Company Healthcare

Retina Consultants of America

Southlake, Texas, United States

Physician-centered retina practice management and clinical research platform. RCA helps retina specialists retain clinical autonomy and practice culture while providing business expertise, resources, shared best practices, and research/network expansion.

Focus Areas
Ophthalmology (Retina), Specialty Physician Practice Management, Clinical Research (retina)

Tracked deals

6

6 tracked deals across 2021-2026.

Recent pace

1

1 tracked deal announced in the last 12 months.

Deal mix

Buyout

4 buyout · 2 addon

Retina Consultants of America Acquisition Volume by Year

Last 5 years

Acquisition volume by year Annual acquisition counts for the last 5 years for Retina Consultants of America. 1 2021 1 2022 2 2023 1 2024 ~1 est. 1 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Buyer
    Cencora, Retina Consultants of America (RCA)
    Target
    EyeSouth Partners' retina business, EyeSouth Partners
    Seller
    Olympus Partners
    Type
    Buyout

    Cencora has signed a definitive agreement to acquire the retina business of EyeSouth Partners for $1.1 billion. The affiliated retina physicians will join Cencora’s Retina Consultants of America (RCA) management services platform, strengthening Cencora’s specialty ophthalmology services footprint.

  • Buyer
    Cencora, Inc., Cencora (approximately 85% ownership through acquisition vehicle)
    Target
    Retina Consultants of America (RCA)
    Seller
    Webster Equity Partners
    Location
    United States
    Type
    Buyout

    Cencora entered into a definitive agreement to acquire Retina Consultants of America (RCA), a leading retina specialist management services organization (MSO), from Webster Equity Partners. The deal values RCA at approximately $4.6 billion in cash, with additional potential contingent consideration of up to $500 million, and is expected to close subject to customary regulatory approvals.

  • Buyer
    Retina Consultants of America
    Target
    Retina Consultants of Southern Colorado
    Seller
    Retina Consultants of Southern Colorado (physician owners)
    Type
    Buyout

    Retina Consultants of America (RCA) has acquired Retina Consultants of Southern Colorado (RCSC), a three-location retina practice with six board-certified physicians. The deal, for which Cascadia Capital served as exclusive financial advisor to RCSC, expands RCA's national network and strengthens its Colorado presence and clinical research capabilities.

  • Buyer
    Retina Consultants of America
    Target
    East Coast Retina, PA
    Seller
    East Coast Retina, PA, Dr. Stephen Phillips
    Type
    Buyout

    Retina Consultants of America (RCA) has acquired East Coast Retina, PA, a retina specialty practice led by Dr. Stephen Phillips in the Myrtle Beach, South Carolina area. FOCUS Investment Banking advised East Coast Retina on the transaction; RCA will integrate the practice into its physician-centered practice management network to support day-to-day operations and future growth.

  • Buyer
    Retina Consultants of America, Webster Equity Partners
    Target
    The Retina Eye Center
    Seller
    The Retina Eye Center, Dr. Randy Dhaliwal, Dr. Oksana Demediuk
    Type
    Addon

    Retina Consultants of America (RCA), a physician management platform formed by Webster Equity Partners, has acquired The Retina Eye Center (TREC), a two-location retina specialty practice in Augusta, Georgia and Aiken, South Carolina. The add-on expands RCA's regional footprint (bringing its physician count in the area to 14) and integrates TREC's referral-based retinal diagnostic, laser and surgical services into RCA's national retina network.

  • Buyer
    Retina Consultants of America, Webster Equity Partners
    Target
    Tennessee Retina
    Type
    Addon

    Retina Consultants of America, a portfolio company of Webster Equity Partners, acquired Tennessee Retina — the largest retina practice in Middle Tennessee and Southern Kentucky with eight clinics and 10 physicians. The transaction closed on September 9, 2021; terms were not disclosed. Tennessee Retina will continue clinical operations and research in partnership with RCA as the group expands its regional footprint.

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