BUSINESS: Private Equity Vision Innovation Partners Completes 19th Acquisition, Adding Western Pennsylvania Practice to Mid-Atlantic Platform By Staff Thursday, September 16, 2021 12:24 AM ANNAPOLIS, Md.—Vision Innovation Partners, a leading eyecare platform, has acquired Ophthalmic Associates, a provider of integrated eyecare services with five locations (and an ambulatory surgery center) in Western Pennsylvania. The acquisition enhances Vision Innovation Partners’ significant presence in Pennsylvania and further strengthens its growing network of ophthalmology practices and ambulatory surgery centers in the Mid-Atlantic region, according to an announcement on Wednesday. The terms of the acquisition were not disclosed. Vision Innovation Partners’ footprint now includes 55 practice locations and 10 surgery centers across Maryland, Washington D.C., Virginia and Pennsylvania.The group is backed by Centre Partners, a leading middle-market private equity firm focused on the health care and consumer sectors. Since its founding in 2017, Vision Innovation Partners has continuously demonstrated its commitment to partnering with top-performing doctors and expanding patient access to care across its growing network of practice locations and surgery centers in the Mid-Atlantic region. “We are delighted that the paths of Ophthalmic Associates and Vision Innovation Partners have aligned,” John J. Brozetti, MD, and Joel A. Bezek, MD, who are both associated with the Pennsylvania practice group, said in a joint statement. “Since its founding in 1905, Ophthalmic Associates has been the trusted vision care provider to communities across six counties in Western Pennsylvania. Our partnership with Vision Innovation Partners will allow us to share best practices, achieve operational efficiencies and enhance the growth of our practice.” Vision Innovation Partners chief executive officer Michael Dunn added, “Ophthalmic Associates’ long-standing reputation, accomplished team members and commitment to high-quality clinical care makes them a perfect partner for our growing platform. Drs. Brozetti and Bezek have been an important part of the communities in Western Pennsylvania and bring tremendous value to Vision Innovation Partners.” Founded in 1986, Centre Partners has offices in New York and Los Angeles and has invested approximately $2.5 billion of equity capital in over 85 transactions.