Washington, DC, (August 4, 2022) – FOCUS Investment Banking (“FOCUS”), a national middle market investment banking firm providing merger, acquisition, divestiture, and corporate finance services, announced today that Lee Eye Center (“LEC”) has been acquired by Midwest Vision Partners (“MVP”), expanding MVP’s network into Pennsylvania and West Virginia, in addition to its existing presence in Michigan and Ohio. Lee Surgery Center was also a part of the transaction. FOCUS managing directors Eric Yetter and Andy Snyder advised LEC in this partnership. They are among the most active advisors to ophthalmologists in transactions with private equity-backed organizations.
“We are incredibly excited to be partnering with Spectrum and LEC and expand our footprint into two new states,” announced Jorge Lopez, MVP’s President and Chief Executive Officer. “The doctors at Spectrum and LEC are a perfect addition to the MVP team with their strong focus on people and drive to achieve exceptional outcomes. We are excited to support them in continuing their growth.”
Lee Eye Center, based in Boardman, Ohio, has five locations, including two in Ohio, two in Pennsylvania, and one in West Virginia. LEC provides vision, medical, and surgical care to patients in the tri-state area.
“We look forward to leveraging the resources MVP provides its doctors and staff to continue to provide excellent care to our patients,” commented Dr. Tac Lee of Lee Eye Center. “MVP’s reputation precedes itself in supporting its partners, and I am excited to work alongside them to further facilitate our growth.”
“It is very rewarding to build relationships with exceptional doctors like Tac Lee throughout the transaction process,” said Eric Yetter, Managing Director and Healthcare Team Leader at FOCUS Investment Banking. “Now, having reached a great outcome, we feel very confident about LEC and MVP’s future together. It’s a great partnership.”
*These testimonials may not be representative of the experience of all clients; testimonials are not a guarantee of future performance or success.