By Staff
Tuesday, March 2, 2021 11:45 AM
GLENDORA, N.J.—Lincoln Road Advisors Inc., an investment company operated by optical industry veteran Eric Bertrand, has acquired the holding company
Refac Optical Group, which owns the
U.S. Vision optical business, from its majority owner ACON Investments. U.S. Vision operates roughly 375 optical locations in licensed retail spaces at J.C. Penney, Meijer, Boscov’s and Optical Center/AAFES Exchange locations. Bertrand, a former chief executive of OptiCare Health Systems of Connecticut and Vision Center at Meijer, confirmed the acquisition by Lincoln Road to
VMAIL earlier today. He is the principal at Lincoln Road, and also manages the digital marketing agency
Mod Op.
By Staff
Tuesday, March 2, 2021 12:18 AM
OMAHA, Neb.—Dr. Stanley Malashock, founder of
Malbar Vision and International Contact Lens, passed away Jan. 29, 2021, according to an announcement by the company. Dr. Malashock, who was 94, opened Malashock Optical in 1950 in Omaha, Neb.
By Staff
Monday, March 1, 2021 12:24 AM
ATLANTA—
EyeSouth Partners announced it completed an affiliation with North Georgia Eye Clinic, representing EyeSouth’s ninth in the state of Georgia and 22nd affiliation overall. EyeSouth is an eyecare-focused management services organization backed by
Shore Capital Partners.
By Staff
Friday, February 26, 2021 12:24 AM
Total Vision forms new partnership, Bausch Health adds directors to board, Alcon reports Q4 sales gain, Jobson Research issues COVID-19 special report and Solstice Sunglasses files for bankruptcy protection all topped this week’s
VMAIL news feed. Click on the headlines below to catch up on anything you might have missed.
By Staff
Friday, February 26, 2021 12:21 AM
BINGHAM FARMS, Mich.—
Sunvera Group, a management services organization providing services to ophthalmology practices across multiple subspecialties, announced the addition of
Kellis Eye & Laser Center to its platform.
By Staff
Friday, February 19, 2021 12:21 AM
HAUPPAUGE, N.Y.—
SightMD, a leading multi-specialty ophthalmology platform, has announced a strategic partnership with Norman Saffra, MD, a Nassau County and Brooklyn based ophthalmologist.
By Staff
Wednesday, February 17, 2021 12:15 AM
CHICAGO—
Ocular Partners Inc., a leading physician-led eyecare group in greater Chicago, has named Jeff Freedman as chief executive officer and hired Michael Brown as chief financial officer, according to a recent announcement. Ocular Partners is supported by private equity investor groups
MoonSail Capital and
Plenary Partners. As chief executive, Freedman’s primary focus will be growing the company's footprint by leveraging its position as the clinical and surgical leader in ophthalmic treatment within Chicagoland, according to Ocular chairman Dr. Osvaldo Lopez.
By Staff
Tuesday, February 9, 2021 12:27 AM
CINCINNATI—
CVP, one of the country's fastest-growing ophthalmology networks, has added
Tidewater Eye Centers as a partner practice in its Mid-Atlantic region.
By Staff
Monday, February 8, 2021 12:27 AM
GREENVILLE, S.C.—Continuing its expansion across the Southeast,
Eye Health America (EHA) said late last week that it has added three established South Carolina optometric practices to its practice management organization: David Hamill, OD, and
First Vision Group (FVG), Mark Vinson, OD, and Vision Care (VC), and David Johnson, OD, and Marlboro Eye Care Associates (MECA).
By Staff
Monday, February 8, 2021 12:15 AM
PORTLAND, ORE.—
PECAA, Professional Eyecare Associates of America, a nationwide doctor alliance group for independent eyecare professionals, has launched a three-part educational event series to their membership that focuses on practice transitions and the overall private equity landscape. Topics discussed in the series will include an overview on how private equity is affecting independent optometry, major players in private equity, key considerations during a sale, understanding EBITDA and the value of your practice, exit strategies and much more.
By Staff
Thursday, February 4, 2021 12:30 AM
FORT MYERS, Fla.—
Quigley Eye Specialists, a private equity-backed multispecialty ophthalmology group, said this week that it has partnered with Beraja Medical Institute and Douglas Surgery Center (collectively BMI), a South Florida leader in the diagnosis and treatment of vision disorders. Beraja Medical Institute has been providing care to Miami-Dade County for more than 30 years and joins 19 other locations under Quigley Eye Specialists ownership in Florida, according to the announcement.
By Staff
Monday, February 1, 2021 12:24 AM
DRAPER, Utah—
1-800 Contacts has promoted chief marketing officer Phil Bienert to president and he will continue to hold the chief marketing officer role, as well, according to a spokeswoman. The move to president will expand Bienert’s role to include “broader business and operations responsibilities, in addition to CMO,” the spokeswoman noted. The move comes just a few months after the investment firm
KKR agreed to acquire 1-800 Contacts from previous ownership group
AEA Investors in a deal that Wall Street observers valued at about $3 billion, as
VMAIL reported.
By Staff
Monday, February 1, 2021 12:21 AM
RANCHO CORDOVA, Calif.—
VSP Ventures announced late last week the acquisition of
Sacramento Optometric Group, located in Sacramento, Calif. The single-location practice has served the region for 90 years.
By Staff
Friday, January 29, 2021 12:21 AM
CHICAGO—
Ocular Partners Inc., a leading physician-led eyecare group in greater Chicago, has announced that Jeff Freedman joined the company as chief executive officer.