Mark Hauser on the Acquisition of CVP by EyeCare Partners

EyeCare Partners is acquiring CEI Vision Partners (CVP), a team of ophthalmology operations based in Cincinnati, OH. Speaking about the acquisition, Mark Hauser, the managing partner at Hauser Private Equity, said the purchase indicates that Cincinnati businesses have substantial investments and massive market powers. However, the acquisition’s financial details were omitted during the announcement. The move is expected to bring together a vast team of professionals, including at least 280 ophthalmologists, 700 optometrists, 1200 members of support staff, and 5000 clinical staff members who will work jointly to provide services in their 18 states of operation.

EyeCare Partners is the largest organization providing optometry and ophthalmology services in the country. It is owned by the Swiss capital group Partners Group Holding AG and provides eye care services to patients to enhance people’s vision and improve lives through advanced eye care. It has a team of around 650 optometrists and 150 ophthalmologists. By acquiring CVP, EyeCare stands to expand its customer base to at least 3 million patients per year.

CVP was formed through a partnership between Mark Hauser’s Hauser Private Equity and Revelstoke Capital, a private equity firm operating in Denver. The two companies invested in Cincinnati Eye Institute and formed CVP, currently with around 150 doctors, to help the institute’s growth. The partners made further investments, including OrthoAlliance in Cincinnati and DataLink in Tampa. CVP now operates in Virginia, Indiana, Kentucky, and Ohio, with eight ambulatory and 47 clinical centers.

According to Mark Hauser and the CEOs of CVP and EyeCare, Clyde Bell and David Clark, this acquisition is an opportunity for the two companies to grow and expand their operations beyond their current customer bases. It will cause a transformation in the field of eye care producing the best customer experience, satisfaction, and efficiencies. It will also provide growth opportunities and new adventures for its employees.

Original source to learn more: https://www.markhauser.com/