Eye Care Specialists

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Eye Care Specialists - overview

Established

1906

Location

Kingston, PA, US

Primary Industry

Healthcare Specialists

About

Eye Care Specialists is a medical practice dedicated to providing comprehensive ophthalmology services, particularly in LASIK and cataract treatment, to enhance patients' vision and overall eye health. Eye Care Specialists operates as a specialized ophthalmology clinic focused on vision correction procedures. The company is based in Kingston, US, and has undergone a strategic acquisition by Vision Innovation Partners in June 2019, although financial terms were not disclosed. The founder's information is not available.


Eye Care Specialists offers a broad range of ophthalmology services, primarily focusing on vision correction procedures such as LASIK surgery and cataract treatment. Their core offerings include LASIK eye surgery, which employs advanced laser technology to reshape the cornea, improving vision for patients who are nearsighted, farsighted, or have astigmatism. Additionally, they provide cataract diagnosis and surgery, utilizing the latest surgical techniques and technology to restore vision for patients suffering from cataracts. The company serves a diverse clientele, including individuals seeking corrective eye procedures and those requiring general eye care services across multiple locations in Northeastern Pennsylvania.


Their services are designed to address various eye health needs, ensuring that both routine and specialized care is accessible to patients within the region. The revenue model for Eye Care Specialists is grounded in providing direct-to-consumer healthcare services, specifically in the fields of LASIK and cataract surgery. Patients typically engage in consultations to assess their candidacy for procedures, which are followed by a structured treatment plan. The business transactions revolve around individual service fees for procedures, which are facilitated through flexible financing options to accommodate various patient needs.


For instance, patients may finance their LASIK surgeries through third-party services like Care Credit, enhancing affordability for a broader demographic. Revenue is generated from both outpatient procedures and consultations, establishing a consistent stream of income as patients opt for additional services, such as routine eye exams and follow-up appointments. As of June 24, 2019, Eye Care Specialists was acquired by Vision Innovation Partners. Future growth initiatives may involve the introduction of new ophthalmic products and the exploration of potential expansions into additional markets or geographic regions.


Specific expansion plans or product launches have not been detailed, but the acquisition may provide the necessary resources to pursue these strategies.


Current Investors

Vision Innovation Partners

Primary Industry

Healthcare Specialists

Sub Industries

Optometrists & Opticians Products and Services

Website

www.icarespecialists.com

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Eye Care Specialists - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedEye Care Specialists-

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