EyeCare Partners Acquires CEI Vision Partners
EyeCare Partners (ECP) announced it entered into an agreement to acquire CEI Vision Partners (CVP), a network of ophthalmology practices in the Midwest and Mid-Atlantic.
Financial terms of the transaction were not disclosed.
The deal will create a combined group of more than 280 ophthalmologists and over 700 optometrists supported by almost 5,000 clinical staff and 1,200 support services team members across 18 states, according to EyeCare Partners.
"We are excited to have the doctors and team members of CVP join forces with the ECP family to deliver our mission to enhance vision, advance eye care and improve lives," David Clark, CEO of EyeCare Partners, said in a company news release. "Our partnership with CVP will be transformative in the industry, creating a premier network of top doctors who can deliver the best patient outcomes, provide optimal patient experiences and achieve the highest efficiencies in the delivery of care. We truly will be better together."
The combination, the largest in the clinically integrated eye care field, will bolster ECP's national medical group, expanding patient accessibility to nationally recognized doctors dedicated to serving their vision needs at different phases of life. CVP adds more than 150 industry-leading providers across all major subspecialties in ophthalmology and optometry in 47 clinical centers and eight ambulatory surgical centers, expanding ECP's eye care services across Ohio, Kentucky, Indiana, and Virginia.
"CVP has grown substantially over the last three years by partnering with leading ophthalmology practices in the Midwest and Mid-Atlantic region, and we are excited to take this growth to the next level in partnership with EyeCare Partners," said Clyde Bell, CEO of CVP. "As soon as we initiated the conversation with ECP, it was apparent that together, our organizations' strengths and mission-driven cultures will expand on our ability to provide the highest level of vision care for our patients and better opportunities for our doctors and team members."
"The benefits this partnership with CVP will bring to ECP's patients, doctors and team members is compelling," said Antonio Capone Jr, MD, of Associated Retinal Consultants and Chairman of ECP's Ophthalmology Medical Executive Board. "Medicine is changing. There are a number of inefficiencies in healthcare which ECP will help to address for our patients and clinical teams where we provide care today and into the future. The leadership of EyeCare Partners has an eye towards that future and is shaping our organization to achieve these results, supporting delivery of the highest quality care throughout the full continuum of eye care for our patients."
The partnership is expected to formally close in mid-November.