Accelmed Partners Closes Acquisition of TearLab, Which Positions Firm to Build Comprehensive Platform for Dry Eye

By Staff
Monday, July 13, 2020 12:30 AM ESCONDIDO, Calif.—TearLab Corp., a leader in diagnostics for dry eye disease (DED), said its acquisition by Accelmed Partners II (AP-II) has closed. The tentative deal between the companies and a $25 million investment by the Accelmed was announced in May, as VMAIL reported.

PRISM Vision Group Completes Transaction With The Retina Group of Washington as it Expands in Mid-Atlantic Region

By Staff
Monday, July 6, 2020 12:27 AM UNION, N.J.—PRISM Vision Group, a vertically integrated eyecare services organization operating in the Mid-Atlantic region, has completed its transaction with The Retina Group of Washington (RGW), the leading provider of retinal and macular care in the Washington, D.C., metropolitan area, according to an announcement late last week. RGW operates 17 eyecare locations throughout Virginia, Maryland and the District of Columbia. RGW also is one of the largest group ophthalmology practices in the U.S., and the largest practice solely dedicated to retinal care, the announcement noted. The terms of the transaction were not disclosed.

Keplr Vision Forges Ahead in Pacific Northwest By Adding 4 ECP Businesses

By Staff
Thursday, July 2, 2020 12:21 AM BLOOMINGTON, Ill.—Keplr Vision, a management organization that offers a comprehensive operational and support platform for optometric practices, announced on Wednesday a series of transactions involving eyecare practices in the Pacific Northwest. Among the transactions are the acquisition of the practices operated by optometric industry leaders Dr. Bradley Smith and Dr. David Wolf.

EyeCare Partners Acquires Arizona Eye Institute & Cosmetic Laser Center of Phoenix

By Staff
Tuesday, June 30, 2020 12:27 AM ST. LOUIS—EyeCare Partners (ECP), one of the leading optical retail groups in the U.S., has acquired Arizona Eye Institute & Cosmetic Laser Center (Arizona Eye), a leading ophthalmology group based in the northwest Phoenix market. The deal, in which Physician Growth Partners (PGP) acted as adviser to Arizona Eye, was completed earlier this month, according to EyeCare Partners. The terms of the transaction were not disclosed. EyeCare Partners is backed by the global investment firm Partners Group.

EyeSouth Expands Presence in Florida’s Palm Beach Area

By Staff
Thursday, June 4, 2020 10:09 AM ATLANTA—EyeSouth Partners has completed an affiliation with Mitchell Refractive Surgery & Eye Center and The Optique (together referred to as Mitchell Refractive, according to an announcement this week. The affiliation represents EyeSouth’s fourth in the state of Florida and 17th overall.

PE-Backed EyeSouth Partners Enters Sixth State With Coastal Eye Associates of Texas Affiliation

By Staff
Tuesday, June 2, 2020 12:27 AM ATLANTA—EyeSouth Partners has completed an affiliation with Coastal Eye Associates  (CEA), which operates six primary clinical locations in the Greater Houston area, according to an announcement on Monday.

EyeCare Partners Reinstates All Services Along With New Health and Safety Guidelines for Staff and Patients

By Staff
Thursday, May 21, 2020 12:30 AM ST. LOUIS—EyeCare Partners has resumed all services throughout its network of optometry and ophthalmology practices across the country to offer patients a safe way to receive preventive and routine vision care, according to an announcement this week.

Accelmed Partners Acquires TearLab and Plans $25 Million Investment to Fund Growth, Pay Down Debt

By Staff
Tuesday, May 12, 2020 12:21 AM ESCONDIDO, Calif.—TearLab Corp. (OTCQB: TEAR), a leader in ocular surface diagnostics, has entered into a definitive agreement pursuant to which Accelmed Partners II (AP-II) will acquire TearLab. As part of the acquisition, AP-II has agreed to invest $25 million over two tranches that will occur in conjunction with the company delisting from the "over-the-counter" stock market. In addition, TearLab and its senior secured lender, CR Group, has agreed to restructure the terms of the company's outstanding senior secured indebtedness.

Spectrum Vision Partners Updates Care Options in Response to COVID-19

By Staff
Monday, April 27, 2020 12:18 AM GARDEN CITY, N.Y.—Spectrum Vision Partners (SVP), announced last week that it will continue to monitor the progression of the coronavirus outbreak, and will modify its services to doctors as necessary. SVP said it has worked to “stage down operations and provide essential care out of a limited number of clinic offices” beginning March 18.

Spectrum Vision Partners Moves into Pennsylvania With Affiliation Deals With Lehigh Valley Eye Center and Valley Eye Surgery Center

By Staff
Friday, April 10, 2020 12:21 AM GARDEN CITY, N.Y.—Spectrum Vision Partners (SVP) has expanded its regional footprint into Pennsylvania (its fourth state) with the affiliation of Lehigh Valley Eye Center,  to include both the Allentown and Bethlehem locations. In addition, SVP will be affiliated with Valley Eye Surgical Center, an eye ambulatory surgery center also located in the Lehigh Valley area of Pennsylvania, according to a recent SVP announcement. As of this affiliation, SVP’s nearly 800 team members now provide management services in 28 clinical locations and three ambulatory surgery centers, with a staff of more than 80 ophthalmologists and optometrists.

Shopko Optical Names Hengel as Director of Managed Vision Care

By Staff
Monday, March 30, 2020 12:24 AM GREEN BAY, Wis.—Shopko Optical has named Roberta Hengel to its management team as director of managed vision care. Hengel has worked in the managed care industry for more than 25 years and joins the team with proven experience in managed care network administration, contract negotiation, and developing growth strategies. Before accepting the position with Shopko Optical, Hengel served as director of managed care for UnitedHealth Group for more than 15 years. “I am pleased to welcome Roberta to the Shopko Optical team,” Kirk Lauterback, chief operating officer, said in a recent announcement. “Roberta’s unique experience will bring strong leadership and support with our insurance plan partners and enable us to provide additional benefits to our patients.”

Eye Health America Acquires Two Medical Optometric Practices in Pee Dee Region of South Carolina

By Staff
Wednesday, March 25, 2020 12:21 AM ATLANTA—Eye Health America (EHA), a leading eyecare practice management services organization in the Southeast, has acquired Dillon Eyecare Associates (DEA) and Pee Dee Eye Associates (PDEA), two “fabric of the community” optometry practices located in the Pee Dee region (between Columbia and Myrtle Beach) of South Carolina, according to an announcement this week. With locations in Dillon, Hartsville and Sumter, S.C., the DEA and PDEA practices are both “the go-to primary eyecare providers in their communities,” according to the announcement.

Retina Consultants of America Announces Addition of California Group as a ‘Founding Practice’

By Staff
Friday, March 20, 2020 12:30 AM SOUTHLAKE, Texas—Retina Consultants of America (RCA), a private equity-backed comprehensive physician management services organization, announced Thursday that an additional founding practice, California Retina Consultants, has become a member of the recently formed consortium. California Retina Consultants is comprised of 10 retina specialists with a staff of more than 140 people across 12 offices serving the central valley and coast of California. The terms of the transaction were not disclosed. RCA is backed by Webster Equity Partners, which was founded in 2003 to invest in health care services companies with high-impact growth strategies.

Shopko Optical Reinforces Leadership With Appointment of Susan Buckna as General Counsel

By Staff
Friday, March 13, 2020 12:15 AM GREEN BAY, Wis.—Shopko Optical, in a move that reflects its ongoing effort to build out its leadership team, has named Susan Buckna as general counsel. Buckna joins the Shopko Optical team with almost 30 years of legal expertise in corporate legal and regulatory matters, including health care operations, employment, information technology, intellectual property and corporate governance, according to the company’s announcement. “I am thrilled Susan has chosen to join the Shopko Optical team,” chief executive officer Russ Steinhorst said. “With experience in both the retail and health care sectors, she is a steadfast business and legal partner who will be instrumental in supporting and advocating for the company’s growth.”

FYidoctors Continues Expansion in British Columbia With Addition of Kootenay Optometry

By Staff
Wednesday, March 11, 2020 12:30 AM CALGARY, Alberta—FYidoctors, a leading optometrist-controlled eyecare company, announced that Kootenay Optometry is the latest clinic to join the FYidoctors organization. The addition marks the company’s continued expansion into British Columbia, where FYidoctors now operates 33 clinics across the province. This is the first addition to the FYidoctors group to be announced since the company reported last week that the private equity firm L Catterton had made a strategic minority equity investment in FYidoctors, as VMAIL reported