Tuesday, June 25, 2019 12:21 AM
DALLAS—Riata Capital Group
reported that its portfolio company Acuity Eyecare Group
has acquired Carlsson Family Eye Center,
a single-location practice based in Gilbert, Ariz., a town about 25 miles southeast of Phoenix. The terms of the deal were not disclosed. Acuity, which was formed in 2017 owns and operates 108 eyecare practice locations across eight states under 10 different local brands following its most recent acquisition. In addition, the firm operates a large, full-service digital lab operation. The firm previously this month reported that it had closed on three separate acquisitions, as VMAIL reported
Wednesday, June 12, 2019 12:21 AM
DALLAS—EyeCare Services Partners
(ESP), a private equity-backed firm specializing in integrated eyecare services, has appointed Rick Hoffner as vice president of operations for its central region, effective June 10, according to an announcement this week. Hoffner will lead the operations of ESP’s integrated portfolio of eyecare practices in Illinois, including Hauser Ross Eye Institute, Chicagoland Retinal Consultants, Smith-Perry Eye Center, Midwest Eye Center, Retina Group Chicago, Lakeside Eye Group, Lawrence Eye Care, Chicago Eye Consultants, VZN Eye Care and Yavitz Eye Center, the announcement noted.
Wednesday, June 5, 2019 12:27 AM
RANCHO CORDOVA, Calif.—VSP Ventures
and Rosin Eyecare
have established a joint venture through which the organizations have acquired two practices in Tennessee, Shanks Family Eye Care
and Coley and Coley Family Eye Care
. Both practices are in the Nashville, Tennessee market and will continue to operate under their respective brands, executives said. “We’re pleased to partner with an organization of the caliber of Rosin Eyecare, leveraging their expertise to ensure seamless transitions for practices,” said Steve Baker, president of VSP Ventures. “Our first two acquisitions enable the founding doctors to continue their passion for delivering exceptional patient care.”
Wednesday, June 5, 2019 12:24 AM
DALLAS—Riata Capital Group (“Riata”) said Tuesday that its portfolio company Acuity Eyecare Group has acquired two separate Pittsburgh-area eyecare practices, Eyes on Regent Square
(in Pittsburgh) and Clear Vision Family Eyecare
, a single-location practice based in Mars, Pa. (north of Pittsburgh). The terms of the transactions were not disclosed. Acuity now owns and operates more than 100 eyecare and optometry locations across eight states that operate under 10 different local brands, according to Tuesday’s announcement. The firm also owns a large, full-service digital lab operation outside of St. Louis. Acuity said it expects to expand to more than 150 locations by early 2020.
Wednesday, May 29, 2019 12:21 AM
DALLAS—Delray Eye Associates
(DEA), a leading comprehensive eyecare provider in South Florida, has entered into a strategic partnership with EyeCare Services Partners Management LLC
(ESP), according to a joint announcement on Tuesday. The move was effective May 24. Following the transaction, all DEA shareholders and several associate providers will become ESP shareholders. Other terms of the transaction were not disclosed.
Thursday, May 23, 2019 12:24 AM
which is backed by the private equity firm Shore Capital Partners, recently announced its expansion into Tennessee with an affiliation with Cumberland Eye Care
and Plateau ASC, located in Crossville, and Cookeville Eye Specialists and Perimeter ASC of Cookeville. The affiliations will establish EyeSouth’s initial presence in Tennessee, “which will be a key growth state for the company going forward,” according to the announcement. Each practice and surgery center will continue to operate under its brand, with no changes to its staff, physicians or locations, the announcement noted.
Wednesday, May 22, 2019 12:21 AM
BLOOMINGTON, Ill.—Total Eye Care Partners
(Total ECP) said Tuesday that it has acquired Bethesda Vision Care
from Dr. Michael Berenhaus, a member and former president of the Maryland Optometric Association. Total ECP, which is backed by Toronto-based private equity fund manager Imperial Capital Group, was founded in 2017. The terms of its most recent transaction were not disclosed. The Bethesda Vision Care practice becomes the 39th office location under the Total ECP corporate umbrella, and the fifth office in the Washington, D.C., metropolitan area, according to the announcement.
Friday, April 26, 2019 12:24 AM
NASHVILLE, Tenn.—SouthEast Eye Specialists,
a leading provider of medical and surgical eyecare, announced earlier this week that Complete Eye Care, a premier eyecare practice with locations in Soddy-Daisy and Dayton, Tenn., will join the SouthEast Eye Specialists management organization. Private equity investment firm Flexpoint Ford
has been an investor in SouthEast Eye since 2017.“We’re committed and passionate about providing patients in Tennessee with the highest quality of care and adding leading practitioners like Dr. J.D. Bonner and Dr. Will Whitmire to our expanding medical staff is further proof of our commitment,” SouthEast Eye chief clinical officer Dr. Daryl Mann said in the announcement.
Thursday, April 25, 2019 12:27 AM
VANCOUVER, British Columbia—Hardy Capital
, a Canadian investment firm with experience in the online eyewear market via Roger Hardy, founder of the former Coastal.com business, said Wednesday that it has completed the acquisition of LD Vision Group
. LD Vision owns three online contact lens sites, OptiContacts.com
. The terms of the deal were not disclosed, but Hardy Capital’s Roger Hardy told VMAIL
that LD Vision is “quite a material business.” The company was founded in 2002 and was one of the first discount online contact lens sellers, and reached Canadian $50 million in sales last year, the announcement noted.
Friday, April 19, 2019 12:24 AM
GREEN BAY, Wis.—A bankruptcy court hearing to approve the $8.5 million sale of Shopko’s
optical business wrapped up Thursday morning without a ruling by the judge in the Nebraska court hearing the matter, according to the court clerk’s office. The judge has asked the parties involved in the sale—Shopko and sole bidder Monarch Alternative Capital—to submit more information related to the terms of the sale, the clerk’s office told VMAIL
. The hearing could resume as early as Monday, April 22. The hearing for Thursday had been scheduled as the venue for reviewing and approving Monarch’s $8.5 million offer under the terms and schedule Shopko had set out in a court filing detailing the terms of a planned auction sale.
Friday, April 12, 2019 12:27 AM
ATLANTA—Eye Health America
(EHA), a leader in eyecare practice management, announced Thursday that it has acquired Carolinas Centers for Sight
, the company’s second acquisition of 2019. Based in Florence, S.C., Carolinas Centers for Sight is a highly regarded ophthalmology practice that serves residents in both North and South Carolina, the announcement noted. The practice and its physicians have provided medical and surgical ophthalmology services for over 30 years.
Wednesday, March 20, 2019 12:24 AM
ST. LOUIS—EyeCare Partners LLC
(ECP) said Tuesday it has expanded into its 11th state by partnering with Bennett Optometry
, a leading two-location optometric practice in Ann Arbor, Mich., led by Dr. Steven Bennett. Bennett Optometry was founded in 1949 when the father of Dr. Steven Bennett, Dr. Herman Bennett, opened his first office in downtown Ann Arbor. In 2008, the practice transitioned from father to son. Dr. Steven Bennett has since led the practice through a period of consistent growth, including its recent expansion into a large second location in North Ann Arbor. The five-doctor practice is a full-scope medical optometric practice treating and managing a variety of ocular diseases and visual impairments.
Wednesday, February 27, 2019 12:18 AM
MENLO PARK, Calif.—The investment firm KKR
announced Tuesday that it has formed a new platform, Falcon Vision, to source, evaluate and provide operational and financial capabilities to a diversified group of emerging ophthalmic medical device and biopharmaceutical companies. Falcon Vision will collaborate with the team at Flying L Partners
, which brings together business and clinical leaders with decades of experience in building, leading, and funding high-impact ophthalmic technologies, according to the announcement. Bill Link, a successful entrepreneur and investor with more than 40 years of experience in the ophthalmic sector, will lead the new Falcon Vision platform.
Friday, February 22, 2019 12:27 AM
BOSTON—Consolidation activity within the ophthalmology sector remained very active through the fourth quarter of 2018, a year in which there were at least 10 transactions publicly disclosed in every quarter, according to a recent report and market analysis by Provident Healthcare Partners.
Provident Healthcare Partners, based here, is one of the leading firms in the health care investment banking sector. According to the firm’s analysis of transactions in the ophthalmology sector, 2017 was characterized by the formation of “newly established platforms” backed by private equity financing across the ophthalmology sector.
Friday, February 8, 2019 12:30 AM
CINCINNATI—CEI Vision Partners
(CVP), a portfolio company of Revelstoke Capital Partners LLC , a Denver-based private equity firm, has completed a partnership with Virginia Eye Consultants
(VEC) , a premier multi-specialty ophthalmology group comprised of 17 providers that service the Norfolk, Virginia Beach and Chesapeake markets through four clinic locations and an ambulatory surgery center.