Prism Vision Group Announces Agreement With the Retina Group of Washington

Integrated eyecare services organization PRISM Vision Group announced an agreement to add The Retina Group of Washington (RGW), which provides retinal and macular care in Washington D.C., Virginia and Maryland.

Terms of the deal were not disclosed.

“Medicine is changing around us and over the past several years we have seen continued consolidation, particularly in the field of ophthalmology,” Reginald Sanders, MD, physician partner, RGW, said in a company news release. “For the past few years, RGW has explored the idea of strategically aligning with a leading growth-oriented administrative services organization to facilitate integration in our market. After a year-long search, we determined that PRISM Vision Group is the best organization to help us achieve our goals.”

Over the last 30 years, RGW has grown to 32 physicians practicing in 17 locations throughout Virginia, Maryland and the District of Columbia, making RGW the largest ophthalmology practice in the U.S. solely dedicated to retinal care, according to the news release.

“RGW has a long legacy of providing high-quality patient care,” Steven Madreperla, MD, PhD, President and CEO, PRISM Vision Group, said in the news release. “We are excited to combine our operational expertise with RGW’s talented management team and physician partners who share PRISM Vision Group’s focus on delivering the highest-level of patient care.”

Following the transaction’s close, which is expected before the end of the first quarter, PRISM Vision Group will work closely with RGW’s management team and physicians on strategic initiatives to support integration as well as organic growth, optimizing the network model, enhancing administrative processes and operating efficiencies, investing in clinical technologies and supporting the highest level of patient care.