News: Press Release
Offit Kurman’s M&A Group Represents Retina Associates in Retina Group of Washington Merger
For Immediate Release
Greenbelt, MD | December 26, 2018 Concluding a vigorous and record-setting year business transactional activity in the Mid-Atlantic region, the attorneys of Offit Kurman Mergers and Acquisitions (M&A) Practice Group are proud to share news of another successful transaction closed for a client of the firm. Offit Kurman M&A lawyers Michael Mercurio and Brent Salmons represented Retina Associates (RA), in the company’s merger with The Retina Group of Washington (RGW). The merger is effective January 1, 2019.
Retina Associates has been dedicated to providing excellent retina care for its patients and communities for more than two decades. In the years since the practice’s founding by, Dr. David Watt, the company has grown beyond its initial Annapolis location into a regional, five-office practice with locations in Bowie, Columbia, Rockville, and Silver Spring.
The Retina Group of Washington is not only the leading eye care provider in the District of Columbia, but also the largest practice in the United States solely dedicated to retinal care. RGW is committed to providing the highest quality patient care, conducting advanced research and introducing innovative techniques, educating all health care providers, and training world-class retinal surgeons. The practice specializes in treating retinal, vitreous and macular diseases throughout Virginia, Maryland, and DC. RGW currently has 14 offices in Maryland, Virginia, and the District, with a total of 26 full-time physicians.
In a press statement, the members of Retina Associates said they were “very pleased to join RGW in building a national center of excellence in retina care.”
“For over 25 years, Retina Associates has been honored to provide excellent retina care for our patients and communities,” said RA's Dr. Cuong Vu. “The merger of RA and RGW is based on our shared core mission: to provide the highest quality retina care. We are excited to embark on this new phase and have high aspirations for what we can accomplish together for our patients, referring professionals, employees, and communities.”
“We are delighted to be teaming up with such an outstanding group of doctors that are equally committed to providing the highest standard of patient care,” said RGW's Dr. Eric Weichel. “And the opportunity to expand into two new areas is both exciting and consistent with our ongoing mission to expand the practice's reach across the region.”
The merger is the latest of more than a dozen in successful M&A deals closed for Offit Kurman clients in the last few months. Many of the firm’s M&A clients are Mid-Atlantic health care businesses. Recent transactions have involved rehabilitation clients, chiropractic providers, and veterinary clinics, among others.
To learn more about how Offit Kurman’s M&A group is helping business owners take advantage of the current M&A market, and to get in touch with an Offit Kurman M&A attorney, click here
ABOUT MIKE MERCURIO
Mr. Mercurio is a Principal and the Chair of the Firm’s Business Law and Transactions Practice Group. He serves as outside general counsel to clients on matters related to corporate and business law, commercial transactions, government contracting, healthcare, construction services, and real estate. As a strategic partner to firm clients, Mr. Mercurio regularly counsels entrepreneurial individuals and assorted entities on all aspects of business and commerce including formation and structure; ownership, management, and control; financing and capital; expansion and acquisition; sale and transfer; and contraction and dissolution.
ABOUT OFFIT KURMAN
Offit Kurman is one of the fastest-growing, full-service law firms in the Mid-Atlantic region. With over 180 attorneys offering a comprehensive range of services in virtually every legal category, the firm is well positioned to meet the needs of dynamic businesses and the people who own and operate them. Our twelve offices serve individual and corporate clients in the Maryland, Delaware, New Jersey, and Northern Virginia markets, as well as the Washington DC, Baltimore, Philadelphia, and New York City metropolitan areas. At Offit Kurman, we are our clients’ most trusted legal advisors, professionals who help maximize and protect business value and personal wealth. In every interaction, we consistently maintain our clients’ confidence by remaining focused on furthering their objectives and achieving their goals in an efficient manner. Trust, knowledge, confidence—in a partner, that’s perfect.
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