#United States #Alexandria #Vision Innovation #Alexandria VA #Ophthalmic Associates

VIP Expands Its Eye Care Services with New Acquisition

Vision Innovation Partners (VIP), a prominent eye care provider in the Mid-Atlantic region, has recently acquired Ophthalmic Associates of Alexandria, a comprehensive ophthalmology practice located in downtown Alexandria, Virginia. This strategic acquisition marks VIP's 27th addition to its network since its establishment in 2017, further solidifying its stature in the eye care industry.

Founded in 2010, Ophthalmic Associates of Alexandria is known for its commitment to delivering high-quality eyecare and a spectrum of medical treatments. The practice is spearheaded by Dr. Jacob Clark, a board-certified eye physician and surgeon, who has been pivotal in integrating state-of-the-art technology and advanced procedures, including laser surgery and management of conditions such as glaucoma and cataracts.

Chris Moore, CEO of Vision Innovation Partners, expressed enthusiasm over the acquisition, stating, "We are delighted to welcome the Ophthalmic Associates team into our family. Dr. Clark has established an esteemed practice in one of our key metropolitan areas, which will enhance our surgical offerings and ophthalmic disease management. This partnership expands our capacity to provide premium lenses, retina care, and dry eye relief. In addition, it reflects our ongoing strategy to create a premier vision care platform in the Mid-Atlantic region."

Dr. Clark echoed these sentiments, sharing, "Joining VIP aligns with our goal of delivering quality vision care in an exceptional environment. With VIP's support, we can enhance our services and continue to prioritize patient care and vision protection."

VIP has rapidly expanded in recent years and now operates 69 locations across Maryland, Washington D.C., Virginia, Pennsylvania, and Delaware, including 12 surgery centers. Their diverse range of services encompasses routine eye exams, LASIK procedures, and treatments for various ocular diseases.

The acquisition also highlights VIP's affiliation with Gryphon Investors, a notable private investment firm that focuses on enhancing mid-market companies. With over $10 billion in assets under management, Gryphon is keen on forming robust partnerships with management teams to accelerate growth and deliver sustained value. This acquisition fits perfectly within Gryphon's portfolio strategy, reflecting their commitment to investing in market-leading businesses across diverse sectors, including healthcare.

As Vision Innovation Partners continues to grow and expand its network, the acquisition of Ophthalmic Associates not only augments their service offerings but also enhances patient outcomes in the region. The integration of their teams and resources is expected to pave the way for more innovative treatments and improved patient experiences across their growing platform.

About Vision Innovation Partners

Founded in 2017 and based in Annapolis, Maryland, Vision Innovation Partners prides itself on supporting premier ophthalmology practices and surgery centers across the Mid-Atlantic region. With a vision to provide exceptional eye care services, VIP aims to integrate expert leadership and best practices while receiving support from Gryphon Investors.

About Gryphon Investors

Gryphon Investors is a well-regarded private investment firm that focuses on fostering growth for competitive companies in various industries, ensuring strong collaborations with management teams to drive success, while also prioritizing investments in companies poised for significant progress.

VIP's acquisition of Ophthalmic Associates of Alexandria exemplifies their commitment to enhancing vision care services, ensuring that patients receive comprehensive and high-quality treatment in a convenient, accessible location.