Lincoln Road Advisors Acquires U.S. Vision Optical Business from ACON Investments

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

Malbar Vision Announces the Passing of Founder Dr. Stanley Malashock

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.

EyeSouth Partners Expands Presence in North Georgia With North Georgia Eye Clinic

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.

California’s Total Vision Adds New Partnership With Golden Hills Optometry of San Jose Region

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.

Sunvera Group Announces New Partnership With Kellis Eye & Laser Center as its Expands into Ohio

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.

SightMD Announces Strategic Partnership With Two-Location Ophthalmology Practice of Norman Saffra, MD

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.

Ocular Partners Names Jeff Freedman as Chief Executive Officer, Michael Brown as Chief Financial Officer

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.

CVP Announces Addition of Virginia’s Tidewater Eye Centers to its Growing Ophthalmology Platform

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.

VSP Ventures Announces Acquisition of Nevada’s Family Eyecare Associates

By Staff
Tuesday, February 9, 2021 12:24 AM RANCHO CORDOVA, Calif.—VSP Ventures said Monday that is has acquired Family Eyecare Associates, which comprises two offices located in Sparks and Reno, Nev.

Eye Health America Acquires Three Optometric Practices in the Pee Dee Region of South Carolina

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).

PECAA Launches a Practice Transition Education Series

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.

In Second Announced Deal of 2021, Quigley Eye Specialists Partners With Beraja Medical Institute in Miami-Dade County

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.

1-800 Contacts Promotes Phil Bienert to President and Chief Marketing Officer

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.

Sacramento Optometric Group Selects VSP Ventures for Practice Transition

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.

Ocular Partners Names Jeff Freedman as Chief Executive Officer as it Plans for Growth in 2021

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.