EyeCare Partners has engaged Centerview Partners to help it raise capital as the network of medical practices seeks to address its cash burn, according to people with knowledge of the situation.
The Partners Group-backed network of eye-doctor practices has been struggling with rising costs from a tight labor market and inflation, Bloomberg reports.
The medical company told lenders last month that it ended the second quarter with $17.7 million in cash, down from $38.3 million at the beginning of the period
Representatives for Partners Group and Centerview declined to comment. Read more.
