Total Vision Expands Into California's Coachella Valley, Adding Old Town Optix Optometry to its Network

By Staff
Wednesday, June 22, 2022 12:21 AM MISSION VIEJO, Calif.—Total Vision, a leading and expanding California-based network of vision care providers, has added Old Town Optix Optometry of La Quinta, Calif., to its network, according to an announcement on Tuesday.

Shopko Optical Begins Transition Plan for Incorporating Newly Acquired Midwest Vision Centers in Minnesota and North Dakota

By Staff
Tuesday, June 21, 2022 12:27 AM GREEN BAY, Wis.—Executives of Shopko Optical and Midwest Vision Centers have been meeting for at least the past two months as they worked to smooth the path forward once Shopko Optical completed its planned acquisition of the smaller optical retailer, executives of Shopko Optical said Monday on a conference call announcing the finalization of the deal. During the call, Shopko Optical executives noted that Dr. Myrel A. Neumann, the former owner of Midwest Vision Centers, will serve in an advisory role moving forward to help manage through the transition.

Shopko Optical Continues Expanding as it Acquires Midwest Vision Centers

By Staff
Monday, June 20, 2022 11:15 AM GREEN BAY, Wis.—Shopko Optical announced this morning that it has acquired Midwest Vision Centers, which operates 18 eyecare locations in Minnesota and North Dakota. The transaction will expand Shopko Optical to 142 eyecare centers throughout the Upper Midwest, according to the company’s announcement. The terms of the acquisition were not disclosed. Midwest Vision Centers is Shopko Optical’s seventh completed acquisition over the past six months. Shopko Optical now operates eyecare centers across 13 states.

Nvision Eye Centers Continues National Expansion With Addition of Two Eyecare Practice Groups

By Staff
Friday, June 17, 2022 12:27 AM ALISO VIEJO, Calif.—Nvision Eye Centers, in alignment with its mission to provide nationwide premium ophthalmological care, said recently that it has added two practices to the Nvision family.

Midwest Vision Partners Announces Two New Partnerships as Group Expands Into Three New States

By Staff
Monday, June 13, 2022 12:24 AM CHICAGO—Midwest Vision Partners (MVP) said it has recently completed two new partnerships, which also expands the group’s presence into three new states. The new eyecare partnerships are with Spectrum Eye Institute (Spectrum), which operates two eyecare locations in Illinois, and Lee Eye Center (LEC), which operates five locations throughout Ohio, Pennsylvania and West Virginia. The terms of the partnership transactions were not disclosed. The new states for Midwest Vision—which is backed by the San Francisco-based private equity firm Alpine Investors—are Illinois, Pennsylvania, and West Virginia.

Regal Healthcare Capital Partners Announces Investment and Formation of InFocus Eyecare

By Staff
Friday, June 10, 2022 12:27 AM NEW YORK—Regal Healthcare Capital Partners, a New York-based health care private equity firm focused exclusively on investments in health care services companies, said Thursday that it has formed a partnership with Ryan Williams and his executive team to form InFocus Eyecare. InFocus Eyecare will seek to create a market-leading eyecare company focused on providing high-quality and accessible optometric and vision services.

Prism Vision Group Completes 21st Acquisition With Addition of South Jersey Eye Physicians

By Staff
Wednesday, June 8, 2022 12:21 AM NEW PROVIDENCE, N.J.—Prism Vision Group, a vertically integrated eyecare services organization with practice groups along the East coast, has announced the addition of South Jersey Eye Physicians to the Prism network.

Sunvera Group Forms New Partnership With William S. Goldstein, MD PC – Laser Eye Care Center

By Staff
Thursday, May 19, 2022 12:26 AM BINGHAM FARMS, Mich.—Sunvera Group, a management services organization providing support services to ophthalmology practices across multiple subspecialties, has formed a new partnership with William S. Goldstein, MD PC and Laser Eye Care Center in Shelby Township, Mich.

Gryphon Investors Enters Vision Care With Investment in Vision Innovation Partners, Leading Eyecare Group in Mid-Atlantic Region

By Staff
Monday, May 16, 2022 12:27 AM SAN FRANCISCO—Gryphon Investors (Gryphon), a leading middle-market private equity firm, has partnered with Vision Innovation Partners (VIP), a leading provider of eyecare services in the mid-Atlantic region. Financial terms of the transaction—which marks the investor group’s first move in the eyecare sector—were not disclosed. New York-based Centre Partners was an initial investor in VIP. According to the Centre Partners website, the firm no longer holds an ownership position following the Gryphon transaction.

US Eye Partners With Leading Virginia Optometrist as Group Plans Expansion in the Tidewater Region

By Staff
Tuesday, May 10, 2022 12:24 AM VIRGINIA BEACH, Va.—US Eye has expanded its presence in Virginia with the addition of Kenneth Lebow, OD, FAAO, and his optometric team comprised of Valerie Foytik, OD, and Elizabeth Baylor, OD. The Virginia Beach-based team provides comprehensive optometry services, including the diagnosis and management of ocular disease, dry eye treatment, low vision, corneal conditions such as keratoconus, specialty rigid and scleral contact lenses, pre- and post-operative surgical care in areas such as cataracts, macular degeneration, glaucoma and diabetic retinopathy, among other services, according to the recent announcement of the partnership.

Are You a Top U.S. Optical Retailer? VM Opens its Annual Top 50 Optical Retailers Survey, Sets May 25 Deadline

By Staff
Monday, May 2, 2022 12:30 AM NEW YORK—The year 2021 for the optical sector was not unlike a rollercoaster ride in some ways, with a series of ups and downs and quick turns, as the nation experienced an uneven recovery from COVID-19. But the optical business did bounce back in 2021, and after this second consecutive extraordinary business year, Vision Monday will be publishing its signature Annual Top 50 U.S. Optical Retailers Report in its upcoming June print/digital edition. A link to the survey is posted here.

Total Vision Announces New Partnership With Golden Vision as Group Positions Itself for Further Growth

By Staff
Thursday, April 28, 2022 12:27 AM MISSION VIEJO, Calif.—Total Vision, a leading and expanding California-based network of vision care providers, has announced a new partnership with Golden Vision, a nine-location luxury eyecare and eyewear optometry chain operating in California, according to an announcement this week.

Michigan-Based Sunvera Group Adds New Partnership With Wilkinson Eye Center of Metro Detroit

By Staff
Thursday, April 28, 2022 12:24 AM BINGHAM FARMS, Mich.—Sunvera Group, a management services organization, has formed a new partnership with Wilkinson Eye Center, a leading ophthalmology practice with locations in Clarkston and Pontiac, Mich.

US Eye Partners With Five-Location Kelly Eye Center of Raleigh, N.C.

By Staff
Wednesday, April 27, 2022 12:27 AM RALEIGH, N.C.—US Eye has expanded its presence in North Carolina with the addition of Kelly Eye Center, a specialty ophthalmology practice with a focus on cataract and lens replacement surgery using premium intraocular lens (IOL) technology. The practice is composed of five locations within the greater Raleigh, N.C., area. The terms of the transaction were not disclosed.

Private Equity and Practice Transitions

By Mark Tosh
Saturday, April 23, 2022 12:30 AM The past two years have been a cycle of ups and downs for many business owners and company leaders, and this is particularly true for the eyecare sector. In an environment of tremendous change taking place in both health care and retail, practice owners have had to cope with seemingly unending challenges on a daily basis.