ABOUT THE COMPANY
Acuity Eyecare Group was formed in March of 2017 with the concurrent acquisitions of Crown Vision Center, Eyetique, and International Eyecare Center (“IEC”) by Riata Capital Group, a middle market private equity firm. Those three acquisitions allowed the company to begin operations with 61 locations across five states.Since then, Acuity Eyecare Group has grown through several major acquisitions including:
|1. Malbar Vision - May 2017||Nebraska|
|2. 20/20 Image Eye Centers - March 2018||Arizona|
|3. One Hour Optical - March 2018||Colorado|
|4. ABBA Eye Care - December 2018||Colorado|
|5. EyeCare Specialties - December 2018||Nebraska|
|6. The First Look Laboratory||St. Louis, MO|
Those transactions were all with larger regional platforms, and Acuity has moved to acquire individual practices as well. In January 2019, it acquired Family Eyecare of Winterset, a single location practice based in Winterset, Iowa.
'17 Year Founded
90 Approximate Locations
Future goals and growth objectives
The company entered 2019 with significant additional funding from JP Morgan Asset Management and will seek continued, accelerated growth. Acuity owns nearly 90 locations across 8 states under 10 different local brands, as well as a large, full-service digital lab operation, The First Look Lab, located outside of St. Louis, Missouri. The Company expects to grow to over 150 locations by the end of 2019.
This article is an excerpt from our New White Paper: The Practice Owner's Guide to Private Equity Firms Investing in Optometry.
This White Paper contains an in-depth review of the four major private equity backed Practice Management Companies investing in Optometry across the United States. We detail the history of each company, practice ownership, geographic focus, and future growth objectives and conclude with our key expectations for the future development of this vertical.
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