M&A Deal Summary

Spectrum Vision Partners Acquires Ophthalmic Consultants of Long Island

On October 25, 2017, Spectrum Vision Partners acquired healthcare services company Ophthalmic Consultants of Long Island

Acquisition Highlights
  • This is Spectrum Vision Partners’ 1st transaction in the Healthcare Services sector.
  • This is Spectrum Vision Partners’ 1st transaction in the United States.
  • This is Spectrum Vision Partners’ 1st transaction in New York.

M&A Deal Summary
Date 2017-10-25
Target Ophthalmic Consultants of Long Island
Sector Healthcare Services
Buyer(s) Spectrum Vision Partners
Deal Type Add-on Acquisition
Advisor(s) Houlihan Lokey (Financial)
Proskauer Rose LLP (Legal)

Target

Ophthalmic Consultants of Long Island

Garden City, New York, United States
Ophthalmic Consultants of Long Island (OCLI) is one of the major ophthalmology practices in the United States. OCLI boasts 15 state-of-the-art medical facilities across Nassau and Suffolk counties, housing the most advanced technology available to offer patients a variety of ophthalmic services and treatments. OCLI is led by 33 highly skilled eye surgeons in each major sub-specialty of eye care, providing comprehensive eye care services, including treatment for cataracts, corneal disease, refractive surgery, glaucoma, oculoplastics, retinal disease, neuro-ophthalmology, and optometry.

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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 world-class 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 1 of 7
Sector (Healthcare Services) 1 of 7
Type (Add-on Acquisition) 1 of 7
State (New York) 1 of 2
Country (United States) 1 of 7
Year (2017) 1 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-31 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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