Concluding a vigorous and record-setting year business transactional activity in the Mid-Atlantic region, the attorneys of Offit Kurman Mergers and Acquisitions (M&A) Practice Group are proud to share news of another successful transaction closed for a client of the firm. Offit Kurman M&A lawyers Michael Mercurio and Brent Salmons represented Retina Associates (RA), in the company’s merger with The Retina Group of Washington (RGW). The merger was effective January 1, 2019.
Retina Associates has been dedicated to providing excellent retina care for its patients and communities for more than two decades. In the years since the practice’s founding by Dr. David Watt, the company has grown beyond its initial Annapolis location into a regional, five-office practice with locations in Bowie, Columbia, Rockville, and Silver Spring.
The Retina Group of Washington is not only the leading eye care provider in the District of Columbia, but also the largest practice in the United States solely dedicated to retinal care. RGW is committed to providing the highest quality patient care, conducting advanced research and introducing innovative techniques, educating all health care providers, and training world-class retinal surgeons. The practice specializes in treating retinal, vitreous and macular diseases throughout Virginia, Maryland, and DC. RGW currently has 14 offices in Maryland, Virginia, and the District, with a total of 26 full-time physicians.
In a press statement, the members of Retina Associates said they were “very pleased to join RGW in building a national center of excellence in retina care.”
“For over 25 years, Retina Associates has been honored to provide excellent retina care for our patients and communities,” said RA’s Dr. Cuong Vu. “The merger of RA and RGW is based on our shared core mission: to provide the highest quality retina care. We are excited to embark on this new phase and have high aspirations for what we can accomplish together for our patients, referring professionals, employees, and communities.”
“We are delighted to be teaming up with such an outstanding group of doctors that are equally committed to providing the highest standard of patient care,” said RGW’s Dr. Eric Weichel. “And the opportunity to expand into two new areas is both exciting and consistent with our ongoing mission to expand the practice’s reach across the region.”
The merger is the latest of more than a dozen in successful M&A deals closed for Offit Kurman clients in the last few months of 2018. Many of the firm’s M&A clients Mid-Atlantic health care businesses. Recent transactions have involved rehabilitation clients, chiropractic providers, and veterinary clinics, among others.
To learn more about how Offit Kurman’s M&A group is helping business owners take advantage of the current M&A market, and to get in touch with an Offit Kurman M&A attorney, click here.
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