Kremer Eye Center has been sold to Omni Eye Services
Lincoln International (“Lincoln”), a leading global mid-market investment bank, is pleased to announce the sale of Kremer Eye Center (“Kremer” or the “Company”), a portfolio holding of Charlesbank Capital Partners (“Charlesbank”), to Omni Eye Services (“Omni”), a portfolio holding of New MainStream Capital (“NMS”).
Kremer is a market-leading regional provider of vision care services in the Pennsylvania, New Jersey and Delaware area and one of the largest multi-specialty vision practices in the Mid-Atlantic. With seven eye care clinics, including three full-service clinics featuring state-of-the-art laser eye surgery suites, Kremer is the region’s leader in vision correction and medical eye care services. Kremer offers a full suite of vision care services, including medical ophthalmology care and optometry, specialty services (i.e., glaucoma, LASIK and oculoplastics), and surgical services. Kremer was formed in 1980 by Dr. Frederic B. Kremer and has been recognized for its high-quality patient care and successful clinical outcomes.
Dr. Michael Aronsky, Kremer Managing Partner and Surgeon, commented, “We are extremely pleased with the outcome of this transaction. The Lincoln team’s counsel, guidance, strategic advice and dedication were invaluable and key to completing this important transaction for Kremer and my partners. The team did an outstanding job.” Mayur Desai, Senior Vice President at Charlesbank Capital Partners, added, “The Lincoln team ran an impressive process that yielded a superior outcome for the Company and its physician partners.”
Lincoln acted as the exclusive sell-side advisor to Kremer, working closely with the management team and shareholders throughout the sale process to provide advisory expertise and manage the marketing, due diligence and negotiation phases of the transaction.
About Kremer Eye Center
Headquartered in King of Prussia, Pennsylvania, Kremer is a market-leading medical-surgical eye care services provider in the Pennsylvania, New Jersey and Delaware area and is one of the largest multi-specialty practices in the Mid-Atlantic. Kremer has a network of seven eye care clinics, including three full-service clinics featuring state-of-the-art laser eye surgery suites, and partners with over 500 optometrists in the tri-state area. Kremer has remained at the forefront of ophthalmic surgery, performing the first LASIK surgery in North America and introducing one-stitch and eventually no-stich cataract surgery. More information about Kremer can be obtained at www.kremereyecenter.com.
About Omni Eye Services
Omni is an optometric referral practice providing a full range of specialty services for the advanced treatment of eye diseases, based in Iselin, New Jersey. Omni, by design, offers no primary care optometric services, but promotes a partnership between optometry and ophthalmology to deliver exceptional vision care. Founded in 1998, Omni provides eye care services through a network of nine offices, including one which operates an ophthalmology-focused ambulatory surgery center, throughout New Jersey and New York. With over 35 board-certified ophthalmologists and residency-trained optometrists, supported by a staff of over 200 registered nurses, ophthalmic technicians, surgical technicians and patient services representatives, Omni provides nearly 100,000 encounters annually. More information about Omni can be obtained at www.omnieyeservices.com.
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