The Healthcare M&A Specialists

Spectrum Vision Partners Welcomes New Affiliations in Connecticut

December 31, 2017

Spectrum Vision Partners, a leading management services organization serving the ophthalmology sector, has entered into a strategic relationship with Ophthalmic Consultants of Connecticut (“OCC”), a nationally renowned eye care group and New Vision Cataract Center (“NVCC”), a state-of-the-art ambulatory surgery center serving eye surgery needs, to position OCC and NVCC for further expansion in Connecticut.

Founded in 2001 and headquartered in Fairfield, Connecticut, OCC is one of the leading ophthalmology/optometry practices in the United States. It is comprised of 3 highly skilled eye surgeons and 3 renowned optometrists known for their clinical expertise, innovative care and compassionate bedside manner across 4 locations in southern and central Connecticut. OCC’s nationally respected physician group includes a past President of the American Society of Cataract and Refractive Surgery, the editor in chief of two leading ophthalmic publications, Yale ophthalmology faculty, faculty for the glaucoma program for ASCRS, the Chairman of the National Glaucoma Society, and one of Connecticut’s leading cataract surgeons. This group is recognized for innovative medical achievements including the first surgeon to implant the Symphony multifocal IOL in the United States and one of the original U.S. investigators of laser cataract surgery, LASIK and corneal crosslinking. OCC operates a network of 4 modern, state-of-the-art locations across Connecticut. This group offers comprehensive and consultative eye care services, including treatment for cataracts, corneal disease, refractive surgery, glaucoma, and optometry.

NVCC is a modern ambulatory surgery center with 2 ophthalmic operating rooms and a laser suite to perform intricate eye surgeries including laser assisted cataract surgery using the LenSx Laser System. Located in Norwalk, Connecticut, NVCC has been serving Connecticut for over 20 years.

Eric Donnenfeld, MD of OCC and NVCC said, “The collaboration with Spectrum Vision Partners is a pivotal moment in our future growth plan to offer exceptional, affordable eye care to the communities we serve. We look forward to executing our vision of rapid tactical expansion in this region.”

“This marks Spectrum Vision Partners’ first affiliation within a month of our formation as part of our Tri-State strategy. OCC and NVCC have the attributes we seek in our growth platform partnerships; eye doctors and surgeons who provide clinical excellence that are like-minded with a local market leadership position. This is our second major hub, following the addition of Ophthalmic Consultants of Long Island and Island Eye Surgicenter in November” said Tom Burke, CEO of Spectrum Vision Partners. As part of the transaction, all of OCC’s physician partners will maintain their current roles with the group and will hold significant ownership in Spectrum Vision Partners. OCC will continue to operate as “Ophthalmic Consultants of Connecticut” in its existing market.

About Spectrum Vision Partners
Spectrum Vision Partners is a leading management services organization serving the ophthalmology sector. Spectrum Vision Partners has over 450 employees providing world-class practice management solutions to a network of nationally renowned multi-specialty ophthalmologists in the Tri-State region. Spectrum Vision Partners provides a comprehensive set of business support functions, including billing and collections, marketing, financial and accounting services, benefits and payroll management and information technology.

About Ophthalmic Consultants of Connecticut
Ophthalmic Consultants of Connecticut (www.occeye.com) is one of the leading combined ophthalmology/optometry practices in Connecticut. OCC boasts 4 state-of-the-art medical facilities across Connecticut, housing the most advanced technology available to offer patients a variety of ophthalmic services and treatments. OCC is led by 3 highly skilled eye surgeons as well as 3 residency trained optometrists specializing in providing comprehensive eye care services, including treatment for cataracts, corneal disease, refractive surgery, and glaucoma.

About New Vision Cataract Center
New Vision Cataract Center (www.newvisioncataractcenter.com) is a leading ambulatory surgery center specializing in eye surgeries. NVCC has 2 operating rooms and a laser suite and has been serving the Connecticut region for over 20 years.

About Blue Sea Capital
Blue Sea Capital (www.blueseacapital.com) is a private equity firm based in West Palm Beach, Florida, that invests in growth-oriented lower middle market companies valued up to $200 million. The firm has $327 million in assets under management and invests across three industry verticals: aerospace & defense, healthcare and industrial growth. Blue Sea Capital’s strategy is to partner with talented managers and differentiated companies, typically as the first or second institutional investor, and deliver strategic and operational value-add that drives growth acceleration, industry outperformance and business transformation.