ShoreView Industries invested in Chula Vista-based California Retina Associates to establish an administrative services organization.

What you should know:

1. The ASO, formed in partnership with Yukon Partners, will offer administrative and non-clinical support services to help CRA continue expanding. The new entity will pursue affiliations with other ophthalmology groups in the Western region.

2. CRA is a retina surgery and ophthalmology group operating three clinical locations and one ASC in California. The group’s physicians treat retinopathy, glaucoma, age-related macular degeneration and other retinal conditions.

3. CRA was established in 1988. Co-Founder Nasrin Mani, MD, said, “Partnering with ShoreView allows us to accelerate growth, while still preserving the high quality of service that our patients have come to expect.”

More articles on transactions/valuation:
Wisconsin medical office building sold for $10.4M — 3 insights
Chicago’s healthcare transactions amounted to $85B+ — How other cities stacked up
Medical office building, surgery center sell for $48M — 4 notes


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