Vision Innovation Partners announced Tuesday that it has acquired Omni Eye Specialists, one of the leading multi-specialty ophthalmology groups in the Baltimore metro area. Complete with six convenient locations, Omni Eye Specialists has a long and esteemed history of providing the highest level of comprehensive medical eyecare services. This acquisition strengthens Vision Innovation Partners’ presence in the Baltimore market and further expands its growing network of ophthalmology practices in the Mid-Atlantic region. Vision Innovation Partners’ footprint now includes 34 practice locations and seven surgery centers across Maryland, Washington D.C., Virginia and Pennsylvania.
Keplr Vision has announced this week three new partnerships with eyecare practices in three separate key markets across the U.S. The practices and ECPs joining the Keplr Vision group are: Dr. Summy To of MyOptic Optometry in Portland, Ore.; Dr. Lee Ann Hoven of Advanced Eyecare in Durango, Colo., and Dr. Joanne Reed of Visionary Eye Care at Murabella in St. Augustine, Fla. The terms of the transactions with the three practices were not disclosed. With the new partnerships, Keplr Vision now has 170 eyecare and optical practice locations across the U.S. MyOptic Optometry’s three offices are amongst 18 Keplr partnerships in Oregon, Advanced Eyecare is its 10th practice location in Colorado, and Visionary Eyecare is the first partnership for Keplr Vision in Florida.
Retina Consultants of America (“RCA”), a comprehensive physician management services organization welcomes a new practice, Palmetto Retina Center, LLC (“PRC”) based in South Carolina to its growing consortium of practices. This is the seventh leading retina specialty practice to join RCA, continuing to expand to strategic locations across the U.S. Palmetto Retina Center is comprised of five retina specialists across six offices serving South Carolina. Formed by Webster Equity Partners and headquartered in Southlake, Texas, RCA is partnering with leading retina specialists who seek a strategic partner with the capital resources and expertise to invest in their practice infrastructure and position them for continued growth in their markets.
Responding to the rapid rise of telehealth-based care among U.S. optometrists, many of whom began using the technology to remain connected with patients during the coronavirus pandemic, the American Optometric Association(AOA) is shifting its stance toward virtual vision care. Last week, the AOA’s board of trustees approved a new telehealth position statement that reflects the recommendations of the organization’s Telehealth Council. The new position statement replaces the board’s 2017 policy statement.
Sunvera Group (“Sunvera”), a management services organization providing services to ophthalmology practices across multiple subspecialties and a Ridgemont Equity Partners portfolio company, announced the acquisition of Rohr Eye & Laser Center and welcomes Dr. Jeffrey Rohr to its growing team of eye care specialists. Dr. Rohr is a fellowship trained refractive surgeon who specializes in advanced cataract and LASIK laser vision correction procedures. He is a clinical assistant professor at Michigan State University and provides comprehensive ophthalmology to the Grand Blanc, MI market and surrounding community. Dr. Rohr brings over 20 years of experience to Sunvera and will support additional growth of the company’s ophthalmology services offering in the Metro Detroit area.
Total Vision Partners announced this week that it has partnered with Foothill Optometric Group as the Southern California firm moves to expand its team of optometrists offering comprehensive vision care throughout California. For over 37 years, Foothill Optometric Group has provided high caliber vision care in Pleasanton and the surrounding Tri-Valley communities, the announcement noted. Total Vision is a portfolio company of New York City-based Bregal Partners and it operated roughly 35 practice locations as of July 1. The firm is one of the largest networks of vision providers in California. Total Vision employs over 360 team members, including 79 doctors, the announcement noted.
Sterling Vision is pleased to announce the addition of Cascade Vision Center to its network. Cascade Vision Center is located in Gresham, Oregon and was previously the office of Dr. Mel MacPhee who will be retiring on November 15th, 2020. “I have selected Sterling Vision to assume my practice effective October 15th, 2020 because I want to be sure that my patients continue to receive the best possible care,” says Mel MacPhee. “The merge of Cascade Vision Center with Sterling Vision will ensure that my patients continue to have access to industry leading eye care.”
Eyemart Express, a leading national value optical retailer and the fastest provider of glasses in the industry, today announced that private equity firm Leonard Green & Partners, L.P. (“LGP”) has completed a strategic investment in the company, joining majority stakeholders FFL Partners (“FFL”) and the Barnes Family. While financial terms of the private transaction were not disclosed, the new investment will not add any incremental debt to the Eyemart Express balance sheet. Headquartered in Farmers Branch, Texas, Eyemart Express is a leading, independent optical retailer with 223 stores in 41 states. Each store combines an independent Doctor of Optometry for eye exams and on-site lab for prescription eye wear in one convenient location.
Sterling Vision is proud to announce that Lifetime Eye Care and The Vision Performance Center will be merging with Sterling Vision effective October 1, 2020. Lifetime Eye Care was founded in 1989, and Dr. David Hackett has been the lead physician and visionary at Lifetime Eye Care for many years. To build upon the long history of Vision Therapy, Vision Development, and Vision Rehabilitation at Lifetime Eye Care, Dr. Hackett established the Vision Performance Center in March 2019.
Even with the coronavirus pandemic continuing to move across the U.S. in a hopscotch-like path, ECPs and eyecare practice managers seem to be exhibiting a more optimistic outlook on circumstances and taking steps to get back to more of a “normal” approach to business, according to the 15th Wave of Jobson’s ECP Coronavirus Survey. Practice revenue for the Sept. 18-22 period climbed to 74 percent of pre-COVID levels, significantly ahead of the August Jobson survey which showed practice revenue running at about 62 percent of pre-COVID levels. The survey found a continuing decline in the number of respondents who said they are “very concerned” or even “somewhat concerned” about the prospect of having to close down their practice again due to COVID-19.
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