Transaction

Specsavers invests in partnership with Newmedica

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.”

Client:

Newmedica

Service:

Sell Side

Region:

Sector:

Healthcare & Pharmaceuticals

META Project Lead

Peter Counsell

NEED MORE INFORMATION?

Get in touch with our team today

Interested in our services or have any questions?

Latest Transactions

Check out our latest Transactions

Testimonials

What our clients have said

“We are happy that KnowledgePool will drive forward our objectives for Maxim far faster than we may have been able to alone. Meta’s strategic and corporate finance advice enabled us to present our case to KnowledgePool in the best possible light and for us, as shareholders, to realise the value we all knew was embedded in our product base.”

Chris Brand

Maxim Training

“I worked with Mark at Meta over an extended period. Their hands-on approach helped me formulate a strategy to maximise the value of my business and to identify the right partner to ensure its success.”

Michael Brett

Revive

"The advice that Peter at Meta gave us throughout was vital to the ultimate completion. We are delighted to complete the buy-out and look forward to life as an independent business."

Derek Kenny

Erith Waste

“We are very grateful to Peter Counsell for his experienced support during the negotiations. He understood the nature of ITUK and its philosophy and skilfully guided us through the maze of issues that are inherent in such a complex transaction. Meta had a very difficult role as they were heavily involved in negotiating in two cultures."

Nikki King

Isuzu

“I am very happy to see Murston Plant now under GSE’s ownership. The negotiations proceeded in a very professional manner, as you would expect, but this was aided significantly by Peter Counsell’s role as lead adviser. He maintained an air of calm that helped the transaction move to a successful conclusion.”

Roy Allan

Murston Plant

“This was a complex transaction, handled with great skill by Peter Counsell at Meta. We had to find a structure that accommodated the requirements of the exiting, ongoing and incoming shareholders and of the funders. Peter’s experience in building such structures and his knowledge of the funding market was vital to the achievement of those requirements.”

Tim Mann

The Brantham Group