[DALLAS, TX – SEPTEMBER 4, 2019] Acuity Eyecare Group (“AEG”), an owner and operator of leading North American eyecare groups and optometry practices, today announced that it has acquired an additional eight eye care practices in Houston, Texas, and the surrounding areas:
- Memorial Eye Center: A three location optical group, Memorial Eye Center has served the West Houston community for more than 28 years with full service, personalized eye care and eyewear. Over that time, Memorial Eye Center has become one of Houston’s largest independent optometric practices. Known for state-of-the-art instruments and equipment, Memorial Eye Center uses the most current technologies to offer Houstonians premium vision solutions.
- Additional Locations: Acuity Eyecare Group has acquired an additional five Houston-area practices in the communities of Cinco Ranch, Rayford, Rice Village, Riley Fuzzel, and Sugar Land, TX. The independently-owned locations offer a range of treatment including the co-management of LASIK laser surgery, pediatric vision care, cataract and glaucoma management as well as orthokeratology and specialty contact lenses.
These eight practices join AEG’s growing network of Texas eye care groups, including EyeTx and Hill Country Vision Center, which were announced at the end of July.
“We are very excited to have partnered with Acuity Eyecare Group. My colleagues and I have been very impressed with the professionalism of their entire team, their efficient approach to timely reviewing and closing this transaction, and their overall transparent approach and how they communicate,” said Thomas Arnold, OD, FSLS, who has owned a Sugar Land, TX practice for more than 27 years. “Most importantly, we share the same view of the profession, how best to support doctors, and how best to enhance the performance at a practice level.. The future looks bright with Acuity.”
“We are very honored that Dr Tom Arnold, Memorial Eye Center, and several other prominent practices led by talented doctors would choose to partner with Acuity,” said Eric Anderson, CEO of Acuity Eyecare Group. “We are excited to have them join the growing AEG family. And we are very enthusiastic about our progress in building significant presence in Texas.”
“AEG’s philosophy is to maintain the DNA and culture of each practice we acquire while we enable them to leverage our resources to elevate their practice.” added Joe Terzo, Chief Development Officer. “We’re committed to giving each of these practices the resources they need to further expand and grow.”
About Acuity Eyecare Group
Acuity Eyecare Group (AEG), a portfolio company of Riata Capital Group, is a rapidly growing community of wholly owned optical practices that deliver full-scope optometry coupled with a well-run dispensary. The core purpose that unifies AEG’s doctors and associates is to “improve the health of our community by helping our neighbors see better and look their best, one patient at a time”. To achieve this, AEG strives to maintain the local DNA that has made each practice successful. At the same time, AEG enables each business to elevate its operation by leveraging our “Common Platform”. Founded in March 2017, AEG currently operates 100+ locations operating under different regional brands across 10 states. www.acuityeyecaregroup.com
About Riata Capital Group
Riata Capital Group, LLC. is a leading Dallas-based private equity investment firm that partners with seasoned management teams to invest in growing, profitable, privately-held companies in three core industry sectors – Business Services, Consumer, and Healthcare Services. Over the last 25 years, the principals of Riata have sponsored over 150 acquisitions representing over $4.5 billion in transaction value. Within eye care, the principals of Riata sponsored and led the successful investment in Vision Source, the largest and most successful doctor alliance network of independent optometry practices in the U.S. Riata strives to be supportive, informed, and strategic partners to help entrepreneurs and management teams bring their companies to the next level. (www.riatacapital.com)