Friday, January 10, 2020 12:27 AM
CHICAGO and FLINT, Mich.—Midwest Vision Partners
, which is backed by Alpine Investors
, has announced a partnership with Michigan Eye Institute
(MEI), which represents MVP’s first partnership in the state of Michigan. Michigan Eye Institute is led by Dr. Gary Keoleian, Dr. Jeffrey Diskin and Dr. David Diskin and has a network of 12 providers. The practice employs approximately 110 support staff across six clinical locations, according to an announcement earlier this week. The terms of the partnership were not disclosed.
Friday, December 13, 2019 12:30 AM
GREEN BAY, Wis.—With the support of a focused team, an efficient plan and an experienced investment group, Shopko Optical
said this week that it has opened 80 free-standing optical centers in 180 days, and that the company plans to open an additional 35 optical centers in 2020, according to its announcement. Shopko Optical, which is backed by the investment firm Monarch Capital, has been a leading provider of eyecare services to Midwest communities for more than 40 years. The optical company was acquired out of bankruptcy court for $8.5 million in mid-May by Monarch Alternative Capital LP
, a private investment firm with offices in New York and London, as VMAIL
Wednesday, December 11, 2019 12:18 AM
ANNAPOLIS, Md.—Vision Innovation Partners
has acquired two practice groups and a surgery center in northern Maryland, according to a recent announcement. The acquisition of Carroll Vision Center
, Center for Total Eye Care
and Carroll County Surgery Center
further expands Vision Innovation Partners' growing network of ophthalmology practices in the Mid-Atlantic region, the announcement noted. Vision Innovation Partners, which is a portfolio company of the private equity firm Centre Partners, said the acquisitions demonstrate its “continued commitment to recruiting top-performing doctors and expanding patient access to care across its growing network of practice locations and surgery centers in the Mid-Atlantic [region].”
Wednesday, November 13, 2019 12:21 AM
DALLAS—Eyecare Services Partners
(ESP), a leader in integrated eyecare services, has announced the appointment of Dakon H. Montgomery as chief operating officer, effective Monday (Nov. 11). Montgomery comes to ESP with 12 years of leadership experience in outpatient health care services. Most recently he was a senior vice president in the ambulatory surgery division (ASC) of HCA Healthcare in Dallas, where he was responsible for four divisions encompassing seven markets and 37 ambulatory surgery centers, according to the announcement.
Wednesday, September 4, 2019 12:21 AM
, a Shore Capital Partners
-backed management services group, announced Tuesday that it has completed an affiliation with Eyecare Associates
, Outpatient Eye Surgery Center, Eye Laser Institute and The Looking Glass (collectively, grouped under the Eyecare Associates umbrella), and a separate transaction with Scott D. Lanoux, MD & Associates and L&L Optical.The affiliations represent EyeSouth’s first moves in Louisiana, which will be a strategic growth state for the company in the future, according to the announcement. The terms of the transactions were not disclosed.
Monday, August 12, 2019 12:30 AM
In the world of optical retailing and eyecare, the arrival of the year 2020 might be seen as the best of times for the profession. Demographics, especially an aging population, higher incidence of diseases that may impact eye health (such as diabetes), and new areas of practice focus—namely myopia and blue light protection—are opening up avenues of opportunity for eyecare professionals.
Monday, August 12, 2019 12:27 AM
Right behind MyEyeDr. in terms of size and scope is EyeCare Partners of St. Louis. The group has almost 300 locations where doctors see patients and is now in 11 states following a move into Alabama in March. EyeCare Partners launched in April 2015, when the private equity firm FFL Partners invested in St. Louis-based Clarkson Eyecare group, which had 63 locations at that time.
Monday, August 12, 2019 12:26 AM
Perhaps one of the newer PE-backed management groups in the eyecare sector is Acuity Eyecare Group, which was formed in early 2017 when Riata Capital acquired Crown Vision Center, Eyetique and International Eye Center and combined the practices under the Acuity management services umbrella. The group has now expanded to almost 125 locations following a pair of late July acquisitions that added 11 locations and marked the group’s entry into Texas. Acuity jumped four spots and ranked No. 17 in VM’s recent list of Top 50 U.S. Optical Retailers.