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TLC Vision

Year of Investment:

2010

Industry

Healthcare

Headquarters

West Palm Beach, FL & Minneapolis, MN

Status

Realized

Website

http://www.tlcvision.com

Business

TLC Vision is North America’s premier eye-care services company, providing eye doctors with tools and technologies needed to deliver high-quality patient care. In 2014 we merged one division, TLC Laser Eye Centers, with LASIK Vision Institute (LVI), creating the largest operator of eye surgery centers in North America. The other division, Sightpath Medical, provides mobile cataract and refractive surgery units for rural hospitals and surgery centers.

Charlesbank Investment

In 2010, Charlesbank agreed to acquire TLC Vision. We guided the company through the bankrutpcy process and helped it emerge as a newly reorganized, private company in May 2010. Charlesbank also arranged debt financing to partially fund the acquisition. In 2011, we sold the Vision Source optometry division and in 2014 we merged the laser centers business with LVI, retaining an interest. We continue to hold a controlling stake in the Sightpath division.

CEO

Ben Cook (LVI) and Peter Flynn (Sightpath)

Related News
April 18, 2012

TLC Laser Eye Centers Appoints George Neal CEO

Ophthalmic industry veteran to spearhead strategic growth TLC Laser Eye Centers, North America‚Äôs premier provider of LASIK and refractive eye… Read More

April 19, 2011

Charlesbank and H.I.G Sell Interest in Vision Source to Brazos Private Equity Partners

Charlesbank Capital Partners and H.I.G. Capital are pleased to announce the sale of their interest in Vision Source, a division… Read More

March 22, 2011

Charlesbank Capital Partners and H.I.G. Capital Recognized for Turnaround of the Year by M&A Advisor

Charlesbank Capital Partners, LLC and H.I.G. Capital, LLC were awarded “Turnaround of the Year (Lower Middle Market)” at The M&A… Read More

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