Press Release
November 5, 2021

Holland & Knight Advises on Sale of iCare Health Solutions to VSP Vision Care

MIAMI (November 5, 2021) – Holland & Knight advised Pine Tree Equity Partners as the majority owner and seller of portfolio company iCare Health Solutions to VSP Vision Care. The deal between the eye care service providers was announced on November 3.

As the largest integrated ocular care provider in Florida, iCare Health Solutions serves nearly 3 million members through a robust network of optometrists and ophthalmologists.

Headquartered in California, VSP Vision Care is the only national not-for-profit vision benefits company. It provides affordable access to eye care and eyewear for more than 80 million members through a network of more than 39,000 doctors.

Pine Tree Equity Partners, based in Miami, Fla., is a private equity firm focused on the investment in and expansion of small capitalization companies in partnership with management.

More information about the transaction can be found here.

Holland & Knight Partners David Barkus and Jordan Taylor led the firm's representation of Pine Tree Equity Partners. They were assisted by Partners William Sherman and Ilenna Stein and Associates Joshua Gutter and Klugy Mathurin.

In addition to the iCare deal, Holland & Knight has worked on a number of high-profile health care deals over the past year, including University Health Care's $600 million sale to Cano Health, Inc. (NYSE: CANO), Doctor's Medical Center's $300 million sale to Cano Health, Inc., and TRIARQ Health's sale transaction to become a wholly owned subsidiary of the largest health plan in Michigan.

Holland & Knight's corporate practice is ranked as a national first-tier firm in Leveraged Buyouts and Private Equity Law, Corporate Law and M&A Law in the 2022 U.S. News – Best Lawyers "Best Law Firms" guide. The firm is consistently ranked among the Top 25 law firms in the nation advising on U.S. M&A transactions by deal count in Refinitiv and other league tables. Through the HK Deal Flow® program, Holland & Knight facilitates deal leads for clients and prospective clients by matching acquisition or capital raising opportunities with buyers and investors.

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