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Newmedica

Firm name(s)Meta Corporate Finance Ltd
www.metacorporatefinance.co.uk
Deal typeMerger
Industry sectorHealthcare
Description
Meta advises Newmedica on partnership with Specsavers.

Specsavers, the largest optometry provider to the NHS, has made a major investment in a partnership with Newmedica, one of the largest independent ophthalmology providers to the NHS, to improve eye health services for patients in the community.
 
Doug Perkins, co-founder and CEO of Specsavers, said: "Newmedica and Specsavers share a passion for transforming eye health and for focusing on what is best for patients and we are very much looking forward to working together. The investment has only just been made and it is too early to say exactly how the partnership will develop in the future."
 
"However, with hospital eye departments under pressure due to an ageing population and an increase in treatable eye conditions, we will be exploring with Newmedica ways in which we can provide NHS ophthalmology services in the community. We envisage that the services would be led by ophthalmologists, and supported by optometrists in our stores"
 
Newmedica was advised by Meta Corporate Finance. Peter Counsell, Director of Meta, commented: "It was a pleasure to advise Newmedica on this partnership, particularly as we had previously advised them on their MBO some years ago. The opportunities for this partnership to transform eye health are quite remarkable. I wish the team continued success."
 
Darshak Shah, co-founder and director of Newmedica, added: "This represents a significant milestone and a hugely positive development for Newmedica, enabling us to develop the business for a long term future in support of our mission of making eyecare better. I am delighted to have continued our trusted advisory relationship with Meta."
Adviser(s)Meta Corporate Finance
Completion date25th November 2016
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