Advisory Resources For Physicians

PE in Optometry - Spotlight on MyEyeDr.

Posted by Eric J. Yetter on Feb 12, 2019 6:58:58 PM
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Atlas MyEyeDr. Logo


ABOUT THE COMPANY

MrEyeDr. was founded in 2001 by a group of optometrists and the group’s current CEO, Sue Healey Downes. Dr. Robert Samit had achieved prior success with his Hour Eyes group (sold to Eye Care Centers of America in 1997) and Millenium Laser Eye Centers (sold to TLC). The group approached MyEyeDr. as a different kind of business that was more doctor-driven.

Since its founding, MyEyeDr. has grown primarily through organic location openings and the acquisition of community eye care practices. The company focuses on three “pillars” of optometric practice: 1) Healthcare; 2) Practice Management; and 3) Retail – providing resources to its partnered practices in each area.

The company grew quickly with private equity backing until it was acquired by Atlas Partners (private equity) and CDPQ (a Canadian pension fund) in 2015. MrEyeDr. now has locations in eighteen states and the District of Columbia.


LOCATIONS By State


   1. Alabama  8
   2. Connecticut   26
   3. District of Columbia    6
   4. Delaware  10
   5. Florida  41
   6. Georgia  35
   7. Illinois 37
   8. Indiana 12
   9. Louisiana 7
 10. Massachusetts 2
 11. Maryland 56
 12. North Carolina 81
 13. Pennsylvania 23
 14. South Carolina 9
 15. Tennessee 7
 16. Virginia 51
 17. Vermont 2
 18. Wisconsin 1
 19. West Virginia 5

 



Portfolio Locations

'01  Year Founded
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419 Locations
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19 States Including The District of Columbia

My Eye Dr Map of States

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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

 
CONTACT PHYSICIANSFIRST HEALTHCARE PARTNERS

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. 

PERSONALIZED VALUATION CONSULTATION

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.

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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 eyetter@physiciansfirst.com.

 

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