iOR Holdings, Inc. Closes on Series B Preferred Round
iOR Holdings, Inc. (iOR or the Company) closed on a Series B Preferred round including C3 Capital, LLC, the lead Series A investor, to continue the support of iOR’s business plan. Middle-market investment bank Jordan Knauff & Company (JKC) served as the exclusive advisor to iOR Holdings throughout the process.
Based in Kansas City, Missouri, iOR provides ophthalmic surgeons with a disruptive business model designed to facilitate the transition of surgery from the traditional hospital or ambulatory surgery center (ASC) to a surgeon’s own office space. Office-based surgery integrates clinic and surgery in one location providing patients a familiar and personalized premium surgical experience. The Company partners with surgeons on the turnkey development of office-based suites by providing comprehensive support with a full suite of services including financial support for space buildout, capital equipment acquisition, staff training, administration, product supply and support services from concept to accreditation. iOR’s executive management is comprised of over 85 years of experience in ophthalmology, corneal and refractive surgery, as well as surgical administration, management, operations and development of ASC and office-based suites.
The targeted ophthalmic surgical procedures in these office-based surgery suites are the over four million cataract, refractive lens exchange and phakic intraocular lens procedures completed in the U.S. each year. With an aging population, these surgery volumes are expected to reach six million by 2030.
Mr. G. Cook Jordan, Jr., Managing Principal of JKC commented, “iOR is the next step in the evolution of ophthalmic surgery, moving it from hospitals and ambulatory surgery centers to office-based surgery. Utilizing the latest high tech equipment for the highest level of patient safety, iOR integrates clinic and surgery which reduces patient anxiety often associated with a hospital or ASC.”
When a middle-market enterprise seeks financing and requires a flexible capital structure, JKC has proven its ability to assist ownership towards a successful outcome. The firm has had notable success raising debt and equity capital from our network of banks, mezzanine lenders, financial institutions, private equity groups, wealth managers, family offices and high net worth investors for a variety of industries, including business services, energy distribution, flow control and real estate. JKC has been recognized with a number of financing industry awards, including the 2019, 2018, 2017 and 2016 Capital Raising Advisory of the Year in the United States by ACQ (Acquisition Finance) magazine, 2016 Alternative Investment Awards for Best Equity Capital Raising Transaction by Wealth & Finance International magazine, 2015 Alternative Investment Awards for Best Start-up Direct Investment by Wealth & Finance International magazine, and the 2010 International Financing Deal of the Year in the Energy Sector by The Mergers & Acquisitions Advisor.
About C3 Capital, LLC
C3 Capital provides expansion and acquisition capital to middle market companies across the United States, working closely with entrepreneurs and sponsors, owners and managers to execute growth strategies and enhance long-term enterprise value. They have invested over $500 million in more than 80 companies since 2003. The funds make $3 to $15 million investments in the form of subordinated debt or preferred equity in established businesses with a history of profitability. C3 Capital currently manages three funds, all licensed as Small Business Investment Companies, with combined assets greater than $400 million.
About Jordan Knauff & Company
Jordan Knauff & Company is a knowledgeable and experienced provider of a comprehensive line of investment banking services to private companies. Our services include selling companies, raising debt and equity capital, acquisition advisory services, and strategic business services to companies in a variety of industries, including among others, business services, energy logistics and distribution, flow control (pumps, valves, filtration), and building products and services. Typical transaction sizes range from $10 million to $650 million in total consideration.
Mr. G. Cook Jordan, Jr., Co-founder and Managing Principal, has over 30 years of private equity and investment banking experience, and seven years of executive and operations experience in middle-market companies. JKC’s entire professional team have spent their careers in the middle-market and offer that expertise and knowledge to their clients. It is their mission to provide the best transaction advisory services along with in-depth industry specific research to middle-market companies and the entrepreneurs who lead them. JKC is a member of FINRA.
Equity Capital Raise