Acuity Eyecare Group Continues Acquisition Deal for Pediatric & Adult Vision Care

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DALLAS—Riata Capital Group said its portfolio company Acuity Eyecare Group has acquired Pediatric & Adult Vision Care, a single location eyecare practice in Wexford, Pa. The practice also operates a Vision Therapy-only location in Fox Chapel, Pa. Both offices are located near Pittsburgh. The terms of the deal were not disclosed. Pediatric & Adult Vision Care is known for quality, comprehensive eyecare treatment for the whole family, as well as its efforts to serve as partner in the community, according to the announcement.

The Vision Therapy office provides individualized treatment programs that are designed to remediate visual and/or perceptual-cognitive deficiencies, according to the practice’s website. Pediatric & Adult Vision Care was founded in 1990 by Dr. Robert Prazer, a developmental optometrist.

Following this transaction, the fifth in the past month for Acuity, the firm now owns almost 110 locations across eight states under 10 different local brands. Acuity also owns a digital lab, First Look Lab, outside of St. Louis. The company expects to grow to over 150 locations by early 2020.

“Pediatric & Adult Vision Care truly embodies the spirit of promoting better patient outcomes in our community through specialized treatments and personalized vision care for the whole family,” Acuity chief executive officer Eric Anderson said in the announcement. “We are privileged to have such a respected, comprehensive practice join our growing Acuity family.”

Bret Davis, Acuity’s vice president of corporate development, noted that the addition of Pediatric & Adult Vision Care further builds upon Acuity’s “strong presence in the Pittsburgh market.” He added, “They are a terrific complement to our recent acquisitions there. Our unique Acuity growth model enables us to continue strategic expansion in existing markets while also entering new markets across the U.S.”

Pediatric & Adult Vision Care is known in the community for its annual event, Vision Care from the Heart, where complimentary eye exams and glasses are provided to those in need who do not have vision insurance, according to the announcement.