Omni Eye Services Backed by New MainStream Capital, Acquires Phillips Eye Center

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ISELIN, N.J. and ELMWOOD PARK, N.J.—Omni Eye Services a portfolio company of New MainStream Capital announced last week that it has affiliated with the Phillips Eye Center led by Hadley Phillips, DO. Dr. Phillips, along with his colleagues, have been providing quality eyecare to the northern New Jersey area since 1983. Dr. Phillips will continue to lead Phillips Eye Center and will now benefit from the administrative support and scale provided by Omni Eye Services management team, an announcement said.

New MainStream Capital invested in Omni and said it intended to expand the platform back in July 2017, as VMAIL reported. New MainStream Capital is a New York based private investment firm specializing in strategic equity investments and leveraged buyouts of lower middle market companies.

Commenting on the transaction, Dr. Christopher Quinn, CEO of Omni, said, “Phillips is a highly respected and well-known practice with an exceptional clinical and support team focused on providing high-quality patient care. As our first affiliation with another ophthalmology practice, we are thrilled to partner with such a high caliber team.”

Dr. Phillips commented, “We are very excited about aligning with both Omni and NMS. This new partnership will allow us to enrich our delivery of the finest medical and surgical eyecare to the patients in our community.”

Omni is an optometric referral practice providing a full range of specialty services for the advanced treatment of eye diseases, based in Iselin, N.J. Omni, by design, offers no primary care optometric services, but promotes a partnership between optometry and ophthalmology to deliver exceptional vision care. Founded in 1998, Omni provides ey care services through a network of six offices, including one which operates an ophthalmology-focused ambulatory surgery center, throughout New Jersey and New York.

Phillips is an optometric referral practice providing a full range of specialty services for the advanced treatment of eye diseases, based in Elmwood Park, N.J. Founded in 1983, Phillips offers eyecare services through two offices in N.J. with 10 board-certified ophthalmologists and residency-trained optometrists, supported by a staff of more than 60 ophthalmic technicians, surgical technicians and patient services representatives.