- Eric J. Yetter
List of Private Equity Firms Investing in Ophthalmology Practices and Surgery Centers
As of the end of 2019, there were 25 private equity firms actively investing in ophthalmology practices and surgery centers. It is among the most active physician practice consolidations currently taking place in the United States.
Investor Entry Over Time
There was a significant increase in the number of private equity investors during the 2017-18 period when 17 new firms entered the space. Note that one existing firm exited through a sale to a new entry in 2018. Four new firms entered in 2019.

Names of Investing Companies
American Vision Partners
Atlantic Vision Partners
Blue Sky Vision
California Retina Associates
Century Vision Global
CVP (CEI Vision Partners)
Comprehensive EyeCare Partners
Covenant Physician Partners
EVP EyeCare
EyeCare Partners
Eye Health America
Eyecare Services Partners
EyeSouth Partners
Midwest Vision Partners
NVision Eye Centers
OOMC
Ophthalmic Specialists of Michigan
Prism Vision Group
ReFocus
SEES Group
SightMD
Spectrum Vision Partners
Unifeye Vision Partners
US Eye
Vision Innovation Partners
Vision Integrated Partners
Private Equity Firms and Their Practice Management Company Subsidiaries
Private equity firms usually create a subsidiary Practice Management Company within their portfolios to acquire and manage ophthalmology practices and ambulatory surgery centers. Most transactions include some equity ownership in that parent management company.
The combination of the private equity firm names and the new practice management company names can be confusing and is simplified below.

This article is an excerpt from our recently published White Paper: Ophthalmology 2020 Outlook - Private Equity Investment and Consolidation Strategies.