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  6. Spectrum Vision Partners Acquires Ophthalmic Consultants of Connecticut

M&A Deal Summary

Spectrum Vision Partners Acquires Ophthalmic Consultants of Connecticut

On December 31, 2017, Spectrum Vision Partners acquired healthcare services company Ophthalmic Consultants of Connecticut

Acquisition Highlights
  • This is Spectrum Vision Partners’ 3rd transaction in the Healthcare Services sector.
  • This is Spectrum Vision Partners’ 3rd transaction in the United States.
  • This is Spectrum Vision Partners’ 2nd transaction in Connecticut.

M&A Deal Summary
Date 2017-12-31
Target Ophthalmic Consultants of Connecticut
Sector Healthcare Services
Buyer(s) Spectrum Vision Partners
Deal Type Add-on Acquisition

Target

Ophthalmic Consultants of Connecticut

Fairfield, Connecticut, United States
Ophthalmic Consultants of Connecticut is one of the major combined ophthalmology/optometry practices in Connecticut. OCC boasts 4 state-of-the-art medical facilities across Connecticut, housing the most advanced technology available to offer patients a variety of ophthalmic services and treatments. OCC is led by 3 highly skilled eye surgeons as well as 3 residency trained optometrists specializing in providing comprehensive eye care services, including treatment for cataracts, corneal disease, refractive surgery, and glaucoma.

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Buyer(S) 1

Buyer

Spectrum Vision Partners

Garden City, New York, United States
Category Company
Founded 1997
Sector Healthcare Services
DESCRIPTION

Spectrum Vision Partners is a management services organization serving the ophthalmology sector. The company provides practice management solutions to a network of nationally renowned multi-specialty ophthalmologists in the Tri-State region. It provides a comprehensive set of business support functions, including billing and collections, marketing, financial and accounting services, benefits and payroll management, and information technology. Spectrum Vision Partners was formed in 1997 and is based in Garden City, New York.

DEAL STATS #
Overall 3 of 7
Sector: Healthcare Services M&A 3 of 7
Type: Add-on Acquisition M&A Deals 3 of 7
State: Connecticut M&A 2 of 2
Country: United States M&A 3 of 7
Year: 2017 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-31 New Vision Cataract Center

Norwalk, Connecticut, United States

New Vision Cataract Center is an ambulatory surgery center specializing in eye surgeries. NVCC has 2 operating rooms and a laser suite and has been serving the Connecticut region for over 20 years.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-15 Lehigh Valley Eye Center

Allentown, Pennsylvania, United States

Lehigh Valley Eye Center is the most comprehensive ophthalmology group with Seven ophthalmologists and two optometrists. Lehigh Valley Eye Center covers the following topics: general ophthalmology, cornea, and refractive surgery, retina, pediatric ophthalmology, glaucoma, oculoplastics, and contact lenses.

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