Dr. Wallerstein and I are excited to invest in VGH and look forward to being a part of their continued growth over the coming years.
West Palm Beach, FL (PRWEB) March 10, 2016
Vision Group Holdings announced today that it has accepted new investments. Macquarie Capital, the corporate advisory, capital markets and principal investing arm of Macquarie Group, Dr. Mark Cohen and Dr. Avi Wallerstein – co-founders of LASIK MD – are minority shareholders in the company moving forward. The transaction, which will help fund growth in the LASIK and cataract markets across the United States, closed last week.
Vision Group Holdings manages several of the leading LASIK surgery providers in the world, including The LASIK Vision Institute and TLC Laser Eye Centers. Between all of its brands, the Company has performed over 3.2 million LASIK eye procedures, more than any other provider of laser vision correction services. VGH also offers convenient and affordable cataract surgery as part of the Cataract Vision Institute brand.
With more than 130 locations in 40 states and Canada, Vision Group Holdings has expanded rapidly in recent years. This latest investment is intended to help ensure future growth and fund acquisitions and capital equipment needs. There will be no changes in structure, direction, or management, and the exceptional patient experience will remain exactly the same. As part of the transaction, Vision Group Holdings will also be investing in LASIKMD’s robust state-of-the-art EMR technology for use in all of its clinics.
“We are very pleased to be partnering with Macquarie Group, a global leader in the capital investment markets. Dr. Cohen and Dr. Wallerstein’s experience with the latest technology available in Canada and multiple years of experience with T-CAT (Contoura Vision in the United States) will help us in our rapid growth across the country,” said VGH CEO Ben Cook. “They are exceptional surgeons and businessmen and we are excited with our strategic partnership with them. Our investment in their state-of-the-art EMR software will be a significant step forward in our technological capabilities.”
Larry Handen, Senior Managing Director at Macquarie Capital said: “Vision Group Holdings provides a unique value proposition to its clients by combining the highest standards of care with exceptional visual outcomes. Under Ben Cook’s leadership the company has enjoyed tremendous growth. We look forward to contributing to Vision’s continued success.”
Dr. Mark Cohen, CEO of LASIK MD said, “Ben Cook and his team have built Vision Group Holdings into the leading Laser Vision Correction platform in the United States. Dr. Wallerstein and I are excited to invest in VGH and look forward to being a part of their continued growth over the coming years.”
Dr. Avi Wallerstein, Executive Vice President of LASIK MD said, “We are very excited to deploy our robust EMR software platform throughout VGH to modernize and streamline the Company’s technology and clinical operations.”
About Vision Group Holdings
Vision Group Holdings, based in West Palm Beach, Florida, oversees and manages two of the leading LASIK surgery providers in the world: The LASIK Vision Institute and TLC Laser Eye Centers. Vision Group Holdings, the largest LASIK provider in North America, serves multiple markets in the United States and Canada, making it extremely convenient for patients to find a location that is both nearby and well suited to their specific needs.