M&A Deal Summary

Grand Rapids Ophthalmology Acquires Shoreline Vision

On January 9, 2018, Grand Rapids Ophthalmology acquired healthcare services company Shoreline Vision

Acquisition Highlights
  • This is Grand Rapids Ophthalmology’s 2nd transaction in the Healthcare Services sector.
  • This is Grand Rapids Ophthalmology’s 2nd transaction in the United States.
  • This is Grand Rapids Ophthalmology’s 2nd transaction in Michigan.

M&A Deal Summary

Date 2018-01-09
Target Shoreline Vision
Sector Healthcare Services
Buyer(s) Grand Rapids Ophthalmology
Deal Type Add-on Acquisition

Target

Shoreline Vision

Muskegon, Michigan, United States
Shoreline Vision is a eye care group practice, providing the West Michigan lakeshore communities with a wide range of eye care services from comprehensive eye examinations to cornea and retina care, and the most advanced techniques in cataract and ocular surgery. As witnessed by the long and dedicated history in their community, Shoreline Vision’s objective remains the same: to be the premier, fully-integrated regional eye care provider with the mission of preserving and improving vision. Shoreline Vision has a team of 13 providers and over 150 dedicated eye health professionals emphasizing clinical excellence and patient centered care throughout seven locations including a surgical center dedicated solely to eye surgeries and procedures.

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Buyer(S) 1

Buyer

Grand Rapids Ophthalmology

Grand Rapids, Michigan, United States

Category Company
Founded 1982
Sector Healthcare Services
DESCRIPTION

Grand Rapids Ophthalmology is a fully-integrated eye care medical group in West Michigan. It offers a full suite of eye care services including optometry, retail optical, oculoplastics, cataract surgery, and retinal subspecialties. GRO’s eye care services are supported by experienced professionals, a fully-integrated back office, and technologically advanced capabilities. Grand Rapids Ophthalmology was founded in 1982 and is based in Grand Rapids, Michigan.


DEAL STATS #
Overall 2 of 2
Sector: Healthcare Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: Michigan M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-20 Walker Surgical Center

Walker, Michigan, United States

Walker Surgical Center is a provider of surgical care with three operating rooms where nearly 5,000 surgical procedures are performed every year by the 23 surgeons who utilize the facility. Walker Surgical Center is fully accredited by both AAAHC (Accreditation Association for Ambulatory Health Care) and CMS (Centers for Medicare and Medicaid Services) and fully licensed by the state of Michigan. Walker Surgical Center serves pediatrics and adults with eye, plastic, hand, and upper and lower extremity surgical procedures.

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