Advisory Resources For Physicians

PE in Optometry - Spotlight on Acuity Eyecare Group

Posted by Eric J. Yetter on Feb 12, 2019 5:08:15 PM
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Riata Acuity Logo


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.

Portfolio Locations

'17  Year Founded
90 Approximate Locations
08 States

Acuity Map

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.

Click the link below to download a copy now.

Request Copy


Want to learn more? Contact our Leadership at PhysiciansFirst Healthcare Partners, read our blog or listen to our podcasts for more information about practice and surgery center acquisitions. We’re one of the few investment banks devoted entirely to physicians. 


Physicians interested in understanding what elements drive private equity transaction prices and seeking a shorthand estimate of what buyers are likely to offer for their practice and post-sale preferences should contact me directly with no obligation. See contact info below.


nullEric Yetter is Managing Partner at PhysiciansFirst Healthcare Partners - a boutique investment bank focused on physician-owned assets. He can be reached at (615) 647-6805 or via e-mail at


Topics: Private Equity, Physician Practice Mergers and Acquisitions, Optometry