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.
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).
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.
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.
By Staff
Tuesday, August 9, 2022 12:27 AM
FORT COLLINS, Colo.—
Panorama Eyecare (PEC), a physician-led management services organization and the largest comprehensive eyecare organization in the Rocky Mountain region, said Monday that it has formed Panorama LASIK, a group of vision correction centers under the Panorama Eyecare MSO organization. Additionally, Panorama Eyecare said that Panorama LASIK will be the LASIK Partner of the National Football League’s Denver Broncos.
By Staff
Wednesday, August 3, 2022 12:30 AM
DALLAS—
Unifeye Vision Partners (UVP), a leading network of comprehensive eyecare providers, has completed a strategic partnership with
Regional Eye Center, a practice based in Hutchinson, Minn.
By Staff
Monday, August 1, 2022 12:21 AM
ST. LOUIS—
EyeCare Partners (ECP), a leading clinically integrated network of ophthalmology and optometry providers, said late last week that it has expanded its presence in Virginia via partnerships with two eyecare groups.
By Staff
Thursday, July 28, 2022 12:30 AM
VIENNA, Va.—
MyEyeDr. has announced two additions to its practice transitions team, Dr. Rob Allen and Matt Swartz. The two have joined the company’s transitions group and will work closely with optometrists on “finding a long-term home for their practice with MyEyeDr.,” according to the announcement this week. Swartz will lead MyEyeDr. partnership efforts in Texas, Oklahoma and Arkansas, while Dr. Allen will work with optometrists across the country. Each brings extensive industry experience to the organization, the announcement noted.
By Staff
Wednesday, July 27, 2022 12:24 AM
NEW PROVIDENCE, N.J.—
Prism Vision Group, one of the larger vertically integrated eyecare service organizations on the East Coast, said it has acquired
Central Maryland Eye Associates (CMEA), a full-service, family-focused eye and vision practice in Maryland.
By Staff
Friday, July 15, 2022 12:21 AM
BRADENTON, Fla.—
Eye Health America (EHA), an integrated platform of eyecare practices across the Southeast, has agreed to a new partnership with Bradenton Eye Clinic, which marks the company’s 21st partnership since 2018.
By Staff
Tuesday, July 12, 2022 12:24 AM
DALLAS—
Unifeye Vision Partners (UVP), a leading network of comprehensive eyecare providers, said it has completed a strategic partnership with
Shaaf Eye Center, based in Rancho Mirage, Calif. In addition, UVP said it is launching its organically grown retina sub-specialty practice, Minnesota Retina Associates, with the first of two planned locations seeing patients starting this week, according to the group’s announcement on Monday.