EyeCare Partners

EyeCare Partners

Network of optometry and ophthalmology practices

About EyeCare Partners

Simplify's Rating
Why EyeCare Partners is rated
A+
Rated A on Competitive Edge
Rated A on Growth Potential
Rated A+ on Rating Differentiation

Industries

Healthcare

Company Size

501-1,000

Company Stage

Debt Financing

Total Funding

$275M

Headquarters

St. Louis, Missouri

Founded

2015

Overview

EyeCare Partners focuses on improving eye care by creating a large network of optometry and ophthalmology practices across the country. The company employs over 300 ophthalmologists and 700 optometrists to provide a wide range of vision health services. Their approach combines expertise and resources to ensure that eye care is both accessible and tailored to individual needs. EyeCare Partners operates by sharing best practices and conducting clinical research, which helps enhance the quality of care provided. They generate revenue through patient consultations, treatments, and ongoing eye care services, positioning themselves as a significant entity in the vision health industry.

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Simplify's Take

What believers are saying

  • Recent refinancing strengthens EyeCare Partners' financial position and liquidity through 2027.
  • New leadership appointments aim to enhance strategic growth and operational efficiency.
  • Adoption of AI and telemedicine can improve service delivery and patient accessibility.

What critics are saying

  • Increased competition from telehealth platforms may impact EyeCare Partners' market share.
  • Rising costs of medical supplies could strain operational budgets and profitability.
  • Shortage of skilled professionals may challenge service quality and patient demand.

What makes EyeCare Partners unique

  • EyeCare Partners integrates optometry and ophthalmology for comprehensive eye care services.
  • The company leverages a large network of over 1,000 eye care professionals.
  • EyeCare Partners focuses on personalized care through shared best practices and clinical research.

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Funding

Total Funding

$275M

Above

Industry Average

Funded Over

1 Rounds

Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Debt Funding Comparison
Coming Soon

Company News

Vision Monday
Feb 21st, 2025
EyeCare Partners Announces New Physician Leadership Appointments

ST. LOUIS - EyeCare Partners (ECP), a provider of clinically integrated eyecare, has announced the appointment of Michael Nordlund, MD, PhD, as chief medical officer (CMO) and Joseph Gira, MD, as chief physician relations officer (CPRO), effective immediately.

Business Wire
May 3rd, 2024
Eyecare Partners Announces Refinancing Transaction Completion

ST. LOUIS--(BUSINESS WIRE)--EyeCare Partners LLC ("EyeCare Partners", or the "Company"), the nation’s leading provider of clinically integrated eye care, announced today it has closed a follow-on debt exchange with holders of its existing term loans following an initial debt exchange closed in April. The combined exchanges represent participation of more than 98% of the Company's first lien term loan holders, more than 91% of its second lien term loan holders and 100% of its Revolving Credit Facility ("RCF") commitments. The follow-on exchange further strengthens the Company’s balance sheet by capturing additional debt discount and cash-to-paid-in-kind interest flexibility, in addition to that achieved in the initial exchange. The closing of the initial exchange, follow-on exchange and $275 million new money superpriority term loan provides significant liquidity benefit and addresses a majority of the Company’s debt maturities through 2027. “We are strongly encouraged by the high participation level across our debt exchanges and the financial support for EyeCare Partners to execute on our long-term strategic initiatives,” said Chris Throckmorton, EyeCare Partners Chief Executive Officer

Morningstar
May 3rd, 2024
EyeCare Partners Announces Joel Day as New Chief Financial Officer

EyeCare Partners, the nation's leading provider of clinically integrated eye care, announced that Joel Day has been named Executive Vice President - Finance and will take the Chief Financial Officer role, effective June 1.

Business Wire
May 3rd, 2024
Eyecare Partners Announces Joel Day As New Chief Financial Officer

ST. LOUIS--(BUSINESS WIRE)--EyeCare Partners, the nation’s leading provider of clinically integrated eye care, announced that Joel Day has been named Executive Vice President – Finance and will take the Chief Financial Officer role, effective June 1. He will lead and have responsibility for the strategic planning, implementation and management of all EyeCare Partners Finance activities, including accounting, business planning, budgeting, forecasting, revenue cycle management (RCM) and procurement. Day will succeed Bob Gold, who has shared his intent to depart the organization, effective May 31. Both will work closely together to ensure business continuity and a smooth transition. “Joel brings to EyeCare Partners three decades of deep, meaningful experience in health care across all finance functions at companies both in public and private settings,” said Chris Throckmorton, Chief Executive Officer

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