SightMD Announces Acquisition of Westchester Eye Associates
The partnership expands SightMD's growing presence in Westchester County.
HAUPPAUGE, N.Y., Aug. 14, 2019 /PRNewswire-PRWeb/ -- SightMD (or the "Company"), a leading multi-specialty ophthalmology platform and a portfolio company of Chicago Pacific Founders, today announced a strategic partnership with Westchester Eye Associates ("WEA"), a leading ophthalmology practice in Westchester County. The partnership expands SightMD's growing presence in Westchester County, adding two locations and eight providers, expanding SightMD's current footprint to 37 locations and 80+ providers across the New York Tri-state Area.
Founded in 1973, Westchester Eye Associates has been a longstanding pillar of Westchester County for 40+ years. The doctors of WEA are Bruce Gordon, M.D., the founder of the practice, Allen Greenbaum, M.D., Seth Potash, M.D., Neil Katz, M.D., James Gordon, M.D., Smitha Voleti, M.D., Nitasha Gupta, M.D. and Ann-Mary Abadir, O.D. WEA employs approximately 45 support staff across its two locations in Harrison, NY and Yonkers, NY. With SightMD's support, WEA will continue to provide its patients with high-quality, convenient eye care across ophthalmic subspecialties, including cataract, glaucoma, LASIK, oculoplastic and pediatric care.
"As my Partners and I contemplated our practice's future, our goal was to partner with a patient-focused practice on the cutting edge of ophthalmology to enable us expand on our legacy of providing clinically-excellent care to the Westchester community," remarked Dr. Potash. "We could not have found a more aligned partner than SightMD and believe that our practice is now better positioned to deliver care to our patients as the ophthalmic industry continues its evolution."
Dr. Katz, who has been practicing at WEA since 1996, commented, "My Partners and I could not be more excited to be a part of the SightMD team. I found SightMD to be fair, professional, and solutions-oriented throughout the transaction process. I look forward to working collaboratively with their managed services organization to deliver the highest quality of care to our patients, while also creating a great working environment for our current and future staff and physician partners."
Jeffrey Martin, a Co-founder and President of SightMD, said, "We are honored and thrilled to partner with WEA, its physicians, and staff. WEA's reputation and robust track record of providing clinically-excellent care is 100% aligned with what John Passarelli, M.D. and I have built at SightMD. I look forward supporting the WEA Partners as they expand their leadership position in Westchester County."
SightMD's strategic partnership with Westchester Eye Associates represents the tenth practice to join the Company since it partnered with Chicago Pacific Founders in September 2018. WEA will continue its operations without interruptions or changes to its hours or locations.
About SightMD
SightMD is a rapidly-growing integrated ophthalmic provider group, offering patients access to over 50 ophthalmic surgeons and specialists through the convenience of 37 locations spanning the east end of Long Island, Westchester County and Manhattan. SightMD's track record of providing clinically-excellent care spans over 50 years, and its services include laser cataract surgery and lens implantation, glaucoma management, retinal disorder treatment, corneal services, neuro-ophthalmology, LASIK laser vision correction, oculoplastic surgery, pediatric ophthalmology, and audiology. SightMD provides its physicians with world-class management services, including a 24/7 call center, billing, credentialing, human resources and other services, enabling them to continue delivering best-in-class care to patients in SightMD's community. SightMD is backed by Chicago Pacific Founders, a leading middle market private equity firm which focuses exclusively on partnerships with growing companies in the healthcare services sector. For more information about SightMD, please visit http://www.sightmd.com
SOURCE SightMD
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