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.
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.
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.
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.
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.
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.
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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here.)
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.