EyeCare Partners LLC, a growing network of full-scope medical optometry and ophthalmology practices, has completed the acquisition of Nationwide Vision, a full-service vision care provider with 89 offices. The acquisition continues to strengthen ECP’s network of free-standing optometric offices in fast-growing regional markets. Financial terms of the transaction were not disclosed.
Nationwide, headquartered in Chandler, AZ, operates 89 optometry offices throughout Arizona and Florida and has over 780 employees. Based in St. Louis, MO, EyeCare Partners currently offers comprehensive medical eyecare services throughout Alabama, Arizona, Florida, Georgia, Illinois, Kansas, Kentucky, Missouri, Ohio, North Carolina, Indiana, and Michigan.
Nationwide Vision was owned by Refrac Optical Group, which also owns U.S. Vision. U.S. Vision (which operates over 400 optical retail locations in such host brands as JCPenney, Boscovs, Meijer and AAFES military locations). As part of the Nationwide transaction, U.S. Vision will take over operating the five Nationwide Vision stores in Nevada and North Dakota.
“The relationship with Nationwide was mutually rewarding and successful for both companies, and I have a tremendous respect for Nationwide’s management team,” says Adam Levy, president and CEO of Refac. “I am excited as we move forward with the opportunities that lie ahead.” Levy continued, “The sale of Nationwide puts Refac in a better financial position, allowing us to focus solely on the growth of our U.S. Vision business.”
“Nationwide is exceptionally well-respected in Arizona and Florida, where its premier eye health services, consistent value and broad assortment of fashionable eyewear are experiencing strong demand from existing and new customers,” says Kelly McCrann, CEO of ECP. “We are thrilled Nationwide’s entire team, and especially its leader Al Bernstein, has joined ECP. We look forward to leveraging Nationwide’s deep experience with managed vision plans to help expand ECP into new markets.”