EyeSouth Partners Affiliates With University Retina and Macula Associates, Representing the Network’s 34th Affiliation and Third in Illinois

By Staff
Wednesday, November 16, 2022 12:27 AM ATLANTA—EyeSouth Partners announced it has completed an affiliation with University Retina and Macula Associates. The affiliation represents EyeSouth’s third in the state of Illinois and 34th affiliation overall.

Advancing Eyecare Announces Acquisition of Veatch Ophthalmic Instruments

By Staff
Friday, November 11, 2022 12:40 PM JACKSONVILLE, Fla.—Advancing Eyecare (AEC), a leading North America provider of ophthalmic instruments, has announced the acquisition of Veatch Ophthalmic Instruments, a leading U.S. distributor of ophthalmic equipment. The move is described by Advancing Eyecare as a way to expand its national footprint in ophthalmic instruments and further strengthen its offerings to eyecare providers. Financial terms of the transaction were not disclosed. Headquartered in Tempe, Arizona, Veatch has a more than 30-year history of distributing ophthalmic technology to vision care providers throughout the U.S.

Vision Integrated Partners Expands in Greater Kansas City Market

By Staff
Wednesday, November 9, 2022 12:24 AM NEW YORK—Vision Integrated Partners, a managed services organization backed by Firmament that provides non-medical services to its network of eyecare professionals, announced 2 new partnerships.

Unifeye Vision Partners Completes Newest Partnership With Eye Care of San Diego

By Staff
Monday, November 7, 2022 12:27 AM DALLAS—Unifeye Vision Partners, a leading network of comprehensive eyecare providers, announced the completion of a strategic partnership with Eye Care of San Diego, based in Mission Hills, Calif.

Prism Vision Group Expands Further Into Metro D.C. Market With Its 25th Affiliation

By Staff
Thursday, November 3, 2022 12:30 AM NEW PROVIDENCE N.J.—Prism Vision Group (PVG), a growing, vertically integrated eyecare services organization operating exclusively on the East Coast, has welcomed Silver Spring Eye (SSE) to its platform.

Sight360 Acquires Prado Vision Center in Tampa, Florida

By Staff
Thursday, October 13, 2022 12:27 AM TAMPA, Fla.—Sight360, a comprehensive vision care services organization, announced it has acquired Prado Vision Center, an ophthalmology and optometric practice with two locations in the greater Tampa Bay area.

EyeCare Partners Expands Footprint in Northern Ohio With Three Additional Practices

By Staff
Wednesday, October 12, 2022 12:33 AM ST. LOUIS—EyeCare Partners (ECP), a leading provider of clinically integrated eyecare, announced that it has expanded its presence in Northern Ohio through a partnership with Novus Clinic, Corrective Eye Center and Retina Specialists of Ohio (RSO). The terms of the transactions were not disclosed. Additionally, the company plans to build a new ambulatory surgery center as well as a 16-exam lane clinic, both of which will be dedicated to supporting the eyecare of Cleveland area patients beginning in 2023.

OCLI Vision Adds Another Location in Pennsylvania

By Staff
Monday, October 10, 2022 12:24 AM NEW YORK—OCLI Vision a multi-practice ophthalmology group located in the Northeast announced the acquisition of Armesto Eye Associates, a multi-specialty ophthalmology practice in Mechanicsburg, Pa.

Vision Integrated Partners Expands into Oklahoma, Adds Sites in Missouri

By Staff
Thursday, September 29, 2022 12:21 AM CHESTERFIELD, Mo.—Vision Integrated Partners, a management services organization which provides non-medical services to its network of ECPs, announced partnerships with Britton Vision Associates (BVA) and Southwest Eye Clinic & Surgery in Oklahoma City, Okla.

Panorama Eyecare Acquires Evergreen Vision Clinic PC and 20/20 Vision Center

By Staff
Monday, September 12, 2022 12:24 AM FORT COLLINS, Colo.—Panorama Eyecare (PEC), a physician-led management services organization and the largest comprehensive eyecare organization in the Rocky Mountain region, has acquired Evergreen Vision Clinic PC and 20/20 Vision Center as partner clinics to expand its footprint across the Colorado Front Range.

NY Vision Group Joins OCLI Vision to Ensure ‘Continued Focus on High-Quality Patient Care’

By Staff
Thursday, August 25, 2022 12:15 AM NEW YORK—OCLI Vision, an ophthalmology group located in the Northeast, said it is acquiring NY Vision Group, a New York City-area eyecare group that provides cataract, LASIK, glaucoma, retina and uveitis services from its offices in Tribeca (Manhattan), Richmond Hill (Queens) and Bushwick (Brooklyn).

Prism Vision Group Advances Mid-Atlantic Expansion in Maryland With 23rd Acquisition

By Staff
Wednesday, August 24, 2022 12:18 AM NEW PROVIDENCE, N.J.—Prism Vision Group, (PVG), a large vertically integrated eyecare services organization operating on the East Coast, said it has added Seidenberg Protzko Eye Associates (SPEA) to its management services platform.

Investor Interest in Health Care Services Maintained a ‘Consistent Pace’ in Q2, Advisory Firm Says

By Staff
Friday, August 19, 2022 2:58 PM NEW YORK—Following the record-breaking deal volume seen in 2021, M&A activity and investor interest in the health care services space has continued at a consistent pace through this year’s second quarter, albeit with some drop-off in transactions in the eyecare sector. With the fallout from the COVID-19 pandemic finally setting in, “the health care landscape has changed dramatically,” according to a recent analysis and report by Provident Healthcare Partners, an investment banking and advisory firm with offices in Boston and New York. 

“The disruption of the pandemic affected various levels of the supply chain for provider–based services,” the report noted. “These financial impacts are beginning to normalize while larger macro-economic conditions are beginning to worsen. Fears of rising interest rates, high levels of inflation, and declining overall economic health have led to an initial decline in consolidation in the overall market.” 

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In the ophthalmology sector, Provident said this area “continues to be one of the most active specialties within physician services as macro-economic concerns have, so far, done very little to slow the pace of deal-making within the sector.” The report noted several “strategic add-on transactions” in the quarter, as well as the entry of a new private equity firm investing in the space by way of a deal with Vision Innovation Partners (a platform formerly backed by Centre Partners that Gryphon Investors of San Francisco partnered with in May 2022).

With more than 60 of the investor-backed platforms at least four years into their investment in the eyecare sector, Provident said it expects secondary buyouts, similar to the Vision Innovation Partners’ transaction, to play a large role in consolidating a very fragmented space.

Magruder Eye Institute and Chicago Pacific Founders Launch Ascend Vision Partners, CEO Named to Lead the New Organization

By Staff
Thursday, August 18, 2022 12:21 AM ORLANDO and CHICAGO—Chicago Pacific Founders (CPF), an investment adviser that manages private equity funds, said that it—along with Magruder Eye Institute (MEI) of central Florida and Robson Eye Institute (REI) of the greater Tampa Bay, Fla., area—has recently formed Ascend Vision Partners (AVP).

Retina Consultants of America Adds 16-Location Austin, Texas, Practice to its Nationwide Network

By Staff
Thursday, August 18, 2022 12:18 AM AUSTIN, Texas—Retina Consultants of America (RCA), a comprehensive physician management services organization, said Wednesday that it has established an alliance with Austin Retina Associates (ARA), a 10-physician practice with 16 locations in and around the greater Austin metropolitan area.