Latest News Imperial Capital-Backed Visionary Eye Partners Completes Four Acquisitions By Staff Thursday, September 27, 2018 12:39 AM Adam Rosengren (L) and Nick Williams BLOOMINGTON, Ill.—Visionary Eye Partners, a practice management company backed by Toronto’s Imperial Capital Group, has completed four acquisitions of eyecare practices over the past three months, the firm’s co-chief executive officer Nick Williams told VMAIL on Wednesday. The acquisitions confirmed by Williams on Wednesday are: Kips Bay Optical of New York City; Wilson Eye Center of Valdosta, Ga.; Eye to Eye Care of Highlands Ranch, Colo.; and Look Optical, which operates five locations in and around Denver. Williams said all of the deals were for 100 percent ownership stakes in the acquired practices. Visionary Eye Partners was formed in September 2017 (with the former HW Holdings as its core) with Williams, his partner Adam Rosengren, who also is a co-chief executive officer, and Imperial Capital as the sole shareholders, Williams said. The firm also is the parent company of 22-location All About Eyes, which is based here in Bloomington. (Visionary Eye Partners also has “a common ownership” with Identity Optical Lab, a leading independent digital lab, Williams said.) “We are very excited to announce the launch of Visionary Eye Partners,” Williams said in a statement. “VEP has a deep history of operating experience and knows first-hand the unique dynamics of managing optical practices, having founded 22 separate All About Eyes locations over a 12-year span. Our experience has informed our partnership approach to acquisitions as we create tailored solutions for optometrists in the continued growth of their practices.” Williams said Visionary Eye Partners will provide a “robust support and optimization system through acquisition, offering synergies and enhanced buying power to help practices grow and thrive. Providers are able to focus on patient care, while VEP helps to manage operations and support services.” “Given our extensive operating experience within the optical industry, we’re uniquely built to support and advise in any practice setting,” Rosengren added in the announcement. Kip's Bay Optical, founded by Dr. Kenneth Scherick, has a 42-year lineage, the announcement noted. Wilson Eye Center was founded in 1981 by Dr. Steven Wilson and has grown over the last 37 years from a single doctor to one of the largest single-door practices in the country, according to the announcement. It has undergone four separate expansions. The most recent expansion, in 2009, nearly doubled the size of the office, which now totals 12,000 square feet with 12 exam rooms and a 2,000-square-foot optical dispensary Dr. James Kani and Dr. Mansur Nurdel founded Eye To Eye Care in 2006, and the practice now has a “strong optical presence in Highlands Ranch, Colo.,” the announcement noted. Look Optical, with five locations, is based in the Denver metro area, and offers “unique opportunities to expand regionally,” the announcement noted. Look Optical began as a family venture in 1981 with two opticians who are brothers, Jay and Leon Talyai, as the owners. Dr. James Kani and Dr. Manur Nurdel purchased Look Optical in 2001 and turned it into an optometric practice, the announcement said. Leon Talyai stayed with the practice to monitor the quality of jobs coming from the labs. In connection with the transactions, Anne Kavanagh of Kavanagh Consulting provided financial advice to Wilson Eye Center.