PRISM Vision Group
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PRISM Vision Group - overview
Established
2008
Location
New Providence, NJ, US
Primary Industry
Healthcare Specialists
About
PRISM Vision Group, based in the US, specializes in providing administrative services to ophthalmology practices, streamlining operations, and enhancing patient care through comprehensive management support. Founded in 2008 and headquartered in New Providence, US, PRISM Vision Group operates as an ophthalmology administrative services organization. The company was involved in two significant deals, with the most recent occurring on February 4, 2025, when McKesson Corporation acquired an 80% majority stake in PRISM for approximately USD 850 mn. The company was co-founded by David Watt and Jood Hashem, and it operates under the leadership of CEO Sean Goodale and Steve Madreperla.
PRISM Vision Group® provides a comprehensive suite of administrative support services tailored for eye care practices. Their offerings enhance operational efficiency, allowing affiliated ophthalmologists to focus on patient care while PRISM manages essential administrative tasks. Services include practice management, technology infrastructure support, and clinical training programs, catering to over 180 physicians and employing more than 1,200 staff across 91 locations, including 7 ambulatory surgery centers in New Jersey, Pennsylvania, Delaware, Virginia, Maryland, and the District of Columbia. PRISM Vision Group generates revenue by partnering with ophthalmology practices, utilizing a B2B transaction model.
These practices pay service fees for the administrative support provided, which can include subscription agreements for ongoing services such as EMR standardization and clinical training. This structure enables practices to allocate more resources toward patient care while maintaining operational efficiency, contributing to PRISM's financial performance through its administrative support and training programs. In February 2025, following McKesson Corporation's acquisition, PRISM Vision Group aims to leverage this partnership to enhance its service capabilities and expand into new markets. Although specific new products have not been detailed, the integration with McKesson is expected to facilitate broader service offerings.
The acquisition is anticipated to support PRISM's growth strategy and operational enhancements, aligning with McKesson's objectives for market expansion.
Current Investors
Quad-C
Primary Industry
Healthcare Specialists
Sub Industries
Human Resources Services, Optometrists & Opticians Products and Services
Website
www.prismvisiongroup.com/
Company Stage
Mature
Total Amount Raised
Subscriber access only
PRISM Vision Group - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, LP Direct, Trade Sale | Completed | PRISM Vision Group | - | ||||||||
| Add-on | Completed | South Jersey Eye Physicians, Inc. | - | ||||||||
| Add-on | Completed | The Retina Group of Washington | - | ||||||||
| Joint Venture | Completed | NJEye, LLC | - | ||||||||
| Recapitalisation | Completed | PRISM Vision Group | - |
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