VSP Ventures announced late last week that Eye Trends, a six-location practice spread across North Houston, Texas, has chosen VSP Ventures as its acquisition partner. Co-owners Dr. Douglas Inns and Dr. Michael Toups lead the practice and have provided health-focused vision care to generations of Texas families for more than 30 years, the announcement noted. The new partnership marks a significant milestone as it signals the entry of VSP Ventures into “a new state via a practice respected within its community and throughout the optometric industry, alike,” the announcement noted. The Eye Trends practice includes 14 associate doctors who bring versatility, a wide range of expertise and compassion to the practice.
EyeCare Partners (ECP), a leading clinically integrated network of ophthalmology and optometry providers, said Wednesday that it has successfully completed an agreement to partner with Ypsilanti, Mich.-based Huron Ophthalmology, a leading clinically integrated network of ophthalmology and optometry providers. Huron Ophthalmology’s six ophthalmologists and two optometrists will join the EyeCare Partners network of more than 300 ophthalmologists and more than 700 optometrists across 18 states in providing the highest quality eyecare spanning the full continuum of ophthalmology and optometry services, the announcement noted.
Eye care was among the most active sectors in healthcare mergers and acquisitions (M&A) last year, driven by PE-backed transactions. Despite this activity and the ophthalmology market being further along the consolidation lifecycle than some other specialties, the market remains fragmented and we expect sustained M&A activity in the near term. If the start of this year is any indication, then we are looking at a very strong year for eye care transactions.
Southeast Retina Center (SERC), led by Dennis Marcus, MD, welcomed the New Year last week by joining Eye Health America (EHA) on December 31st, 2021. Dr. Marcus, with 27 years of experience, is well-respected and recognized as a key opinion leader by both his peers and industry. SERC is one of the go-to retina providers in Augusta GA-Aiken, SC and throughout southeastern GA with a strong culture of outstanding patient care, cutting-edge innovation, and clinical/surgical research. SERC has a well-trained team which functions as a strong center for retina referrals treated by Dr. Marcus, Dr. Kunyong Xu, and Dr. Diego Espinosa along with a robust research department. This partnership includes an ASC and eleven locations that span southeastern Georgia.
Vision Innovation Partners, a leading eye care platform, announced Friday that it has acquired Memorial Eye Institute, a leading ophthalmology practice and surgical center, with two locations in Harrisburg, Pennsylvania. “For almost 45 years, Memorial Eye Institute, Pennsylvania’s first fully approved Eye Care and Eye Surgery Center, has been a leader in the delivery of world-class state-of-the-art ophthalmic services to the greater Central Pennsylvania region,” said Dr. Bennett Chotiner, MD, FACS, and Dr. Erik Chotiner, MD, FACS, in a joint statement. Vision Innovation Partners’ footprint now includes 63 practice locations and 11 surgery centers across Maryland, Washington D.C., Virginia and Pennsylvania.
Building on its 2020 momentum, Keplr Vision said it achieved a record year of growth in 2021, adding more than 100 new locations to its portfolio of practices across 35 states. Keplr Vision’s nationwide growth in 2021 was largely concentrated in the western states, according to an announcement. Overall, Keplr Vision added the new eyecare locations via new partnerships and alliances and closed the year with approximately 300 eyecare locations as part of its support services model.
The Beekman Group is pleased to announce that an affiliate of Beekman Investment Partners IV (“Beekman”) has formed a strategic partnership with Campus Eye Group of Hamilton, NJ and Total Eye Care (“TECC”) of Levittown, PA, collectively supported by the newly formed Campus Eye Group Management Holdings, LLC (together “Campus Eye Holdings” or the “Company”). Campus Eye Holdings is supporting the Company’s 10 ophthalmology practice locations and one ambulatory surgical center (“ASC”) in the New Jersey and Pennsylvania markets.
EyeCare Partners LLC (ECP), a leading clinically integrated network of ophthalmology and optometry providers, said Thursday that it has entered into an agreement to partner with Sabates Eye Centers (SEC), one of Kansas City’s largest multi-specialty eyecare practices, with five locations throughout Kansas and Missouri. SEC adds 25 providers and 90 eyecare professionals to ECP’s network of more than 1,000 doctors and 7,000 clinical and support team members nationwide, according to the announcement. ECP, which currently oversees approximately 650 ECP-affiliated practice locations, is a portfolio company of the global private markets firm Partners Group.
Comprehensive EyeCare Partners (CompEye), one of the largest vision care practice management organizations in the nation, is pleased to announce a strategic partnership with Retina Institute of Washington, a leading retina practice in the Seattle area. Retina Institute of Washington, led by surgeon George Ko, M.D., F.A.C.S., provides diagnosis and treatment of retinal and vitreous conditions using the latest advances in medicine and technology. Retina Institute of Washington has four doctors supporting three practice locations in the greater Seattle area.
Building off the continued success of recent partnerships with Associates in Ophthalmology and Keystone Eye Associates, OCLI Vision announces the acquisition of Dailey Harvey Eye Associates. Committed to providing the highest quality eye care services to central Pennsylvania, Dailey Harvey Eye Associates has been serving the Camp Hill, PA community for over 80 years. Through this acquisition, OCLI Vision, a multi-practice ophthalmology group located in the Northeast, seeks to enhance and expand access to advanced eye care services throughout the region. Joining OCLI Vision from Dailey Harvey Eye Associates are John R. Dailey, MD; Todd J. Harvey, MD; and Christopher Holt, OD.
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