March Vision Care, Inc.
- Sourced growth capital with strategic investor
- Founders maintained majority interest in company
- Closed with strategic investor who contributed managed care lives – effectively tripling size of company
- Company now operating as one of largest Medicaid vision benefit management companies in the U.S.
Lead Bankers: Jim Emslie, Bob Maggiacomo
“The Synergy Advisors team helped us negotiate and finalize an investment with the perfect strategic investor that brought us the capital and the managed lives to help propel our company to a new level. Given their senior-level banker focus and deep managed care experience, we benefited as a smaller company with the same quality of bankers as a billion dollar company would – in fact we were negotiating with a billion dollar company. The Synergy bankers helped us anticipate what to expect and how to best maneuver to get the best deal possible at a great valuation. I would definitely use Synergy again.”
Dr. Glen March, CEO & Founder, March Vision Care
March Vision Care specializes in the administration of vision care benefits for managed care organizations, specifically for government sponsored programs such as Medicaid, Medicare, Medicare-Medicaid Plans, and Healthcare Exchange. March also offers a broad range of fully customizable vision care programs to meet the needs of small to mid-sized businesses, self-insured corporations, unions, municipalities, employer groups and partnerships.
March Vision Care is a family-owned vision benefits company primarily covering Medicaid-eligible individuals. When March was in its early stage of development, Synergy was hired for a capital raise with a strategic partner that could provide both for growth capital and strategic growth.
Synergy negotiated a capital raise with a strategic investor that benefited MVC by opening up several new state markets where MVC could service their partner’s existing network of managed lives. MVC now is operating in multiple states and manages eye care for over 4 million beneficiaries. This initial capital and business partnership allowed MVC to grow business to this level without needing to access additional external capital.