Midwest Vision

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Midwest Vision - overview

Established

2002

Location

Bloomington, IL, US

Primary Industry

Healthcare Specialists

About

Midwest Vision is an innovative provider of eye care solutions, focusing on enhancing patient outcomes and operational efficiency for eye care professionals through advanced technologies and software solutions. Founded in 2002 and headquartered in Bloomington, US, Midwest Vision delivers specialized eye care products. The company has remained focused on optimizing eye care delivery without any known pivots in its business strategy. CEO Joseph Giles leads the company, which has been involved in a single notable deal, with Imperial Capital Group acquiring the firm on June 1, 2017, though terms were not disclosed.


Visionary Eye Partners specializes in providing innovative eye care solutions designed to enhance patient outcomes and streamline operational efficiencies for eye care professionals. Their core product offerings include advanced diagnostic equipment, treatment technologies, and practice management software tailored for optometrists and ophthalmologists. These solutions address a range of end-use cases, from improving patient diagnostics to facilitating effective treatment plans, ensuring comprehensive eye care delivery. Visionary Eye Partners targets a diverse client base, including eye care clinics, hospitals, and private practices, primarily serving markets in North America and Europe.


The company's products have been instrumental since their release, enabling practitioners to deliver high-quality eye care while enhancing patient satisfaction. Visionary Eye Partners generates revenue through a structured business model that encompasses direct sales and partnerships with healthcare providers. The company engages in B2B transactions, offering their flagship diagnostic tools and treatment devices through a combination of direct sales and distributor partnerships. Revenue streams are bolstered by subscription-based access to their practice management software, allowing clients to manage patient data and streamline operations effectively.


Specific pricing plans are tailored to the needs of various healthcare providers, and they may include bundled packages for equipment and software solutions. This structured approach enables Visionary Eye Partners to maintain strong relationships with their clients while ensuring sustainable revenue growth. Looking ahead, Midwest Vision is poised to launch several new products aimed at expanding their suite of eye care solutions. The company aims to enter new markets, specifically targeting expansions into Europe by 2020, leveraging the recent acquisition funding from Imperial Capital Group to support these initiatives.


The focus will be on developing advanced technologies that cater to the evolving needs of eye care professionals, thus enhancing their operational capabilities and patient care.


Current Investors

Imperial Capital Group

Primary Industry

Healthcare Specialists

Sub Industries

Optometrists & Opticians Products and Services

Website

www.visionaryeyepartners.com

Company Stage

Mature - Buyout

Total Amount Raised

Subscriber access only

Midwest Vision - 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)
BuyoutCompletedMidwest Vision-

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