Tree Line has provided a credit facility for Northeast Ohio Eye Surgeons Inc and its subsidiary business Ohio Eye Care Consultants. No financial terms were disclosed. NEOES is a provider of medical and surgical eye services with five offices throughout northeast Ohio while OECC specializes in surgery for glaucoma, cataract and other ocular conditions, with locations in the Medina and Wadsworth areas in Ohio. NEOES and OECC are owned by Alpine Investors.
Tree Line Capital Partners, LLC (“Tree Line”), a direct lender focused on the lower middle market, served as lead arranger and administrative agent for a first lien credit facility (the “Credit Facility”) for Northeast Ohio Eye Surgeons, Inc. (“NEOES”), and its subsidiary business, Ohio Eye Care Consultants (“OECC”). NEOES and OECC are owned by Alpine Investors.
NEOES is a leading ophthalmology practice in northeast Ohio that provides medical and surgical eye services with five offices throughout northeast Ohio. OECC specializes in surgery for glaucoma, cataract, and other ocular conditions, with locations in the Medina and Wadsworth areas in Ohio.
“We appreciate Tree Line’s consistent support of our healthcare platforms and are excited to partner with them on our investment in NEOES and OECC” said Haley Beck, VP of Investing at Alpine Investors. “We know we can trust them to drive efficient closings and reliably execute on post-close financing needs.”
Frank Cupido, Partner of Tree Line added, “Alpine and Tree Line have enjoyed a longstanding relationship that has resulted in numerous financings. We value the relationship we have built together and look forward to supporting the continued growth of NEOS.”
Tree Line provides first lien term loans, unitranche term loans and equity co-investments to lower middle market borrowers with $3M-$30M of EBITDA in North America in transaction sizes up to $150M. Tree Line currently manages $1.2B in investable capital, and has completed over 75 transactions for acquisitions, recapitalizations, refinancings, expansion projects and other growth capital needs. Tree Line’s principals have extensive direct lending experience spanning multiple economic cycles and have generated significant repeat investment opportunities from the private equity community through reliable execution coupled with a direct relationship approach. Tree Line is headquartered in San Francisco with offices in New York and portfolio companies across all regions of the United States. See treelinecp.com for additional detail.