Magruder Eye Institute and Chicago Pacific Founders Launch Strategic Growth Partnership Through Ascend Vision Partners

ORLANDO, Florida. and CHICAGO, August 16, 2022 /PRNewswire/ — Chicago Pacific Founders (“CPF”), an investment adviser that manages private equity funds, focuses exclusively on value-based healthcare innovation, health services and AI and tech-enabled health care providers with offices in Chicago and San Franciscois pleased to announce that he, together with Magruder eye institute (“MEI”) and Robson Eye Institute (“REI”; together with MEI, the “Practices”), formed Ascend Vision Partners (“AVP” or the “Company”). As a result of this partnership, AVP becomes the administrative services provider for the practice and the Lakeside Surgery Center.

Founded in 1973, Magruder Eye Institute is a leading comprehensive ophthalmology provider in Central Florida with a long-standing reputation for providing clinically excellent care to a diverse collection of patients within its communities. The MEI recently launched the Robson Eye Institute to extend its reach to patients in the Tampa / St. Petersburg / Clearwater region, bringing the total number of locations and clinical/surgical providers combined to eight and twelve, respectively. Practice partners, including John Benekedoctor, Donald Centnerdoctor, Michael Grahamdoctor, John Lehrdoctor and Michel PohlodMD, will retain ownership through AVP, allowing the practices to remain physician-owned and continue to provide care through their patient-centric model.

“I am delighted to be one of the founders of AVP and to welcome CPF as a new partner,” said Dr. Lehr. “My partners and I are thrilled with CPF’s unique approach to founders and clinicians, and their track record of rapid growth and value creation.”

“Our practice and our team have extensive experience in ophthalmology, including discussions with over 350 practices dating back to the start of this recent wave of consolidation,” commented Vincent Vanier, MD, co-founder and managing partner of CPF and president of AVP. “As a result, we have been privileged to be selective in our search for outsiders and feel very fortunate to partner with such a dynamic group of clinical leaders within an established practice.”

Mary TolanFounder and Managing Partner of CPF and Board Member of AVP, added, “This is a clear example of leaders working with leaders to build a legacy of clinical quality, while expanding their reach through to affiliations with other like-minded ophthalmologists, referral sources and payers across the Southeast region.”

As part of the creation of AVP and laying the foundations for rapid, risk-adjusted growth, the shareholders of Practices and CPF recruited Justin Simoncini join as Managing Director of AVP. Mr. Simoncini brings nearly 20 years of healthcare experience. He most recently served as Chief Strategy Officer of Advanced Dermatology and Cosmetic Surgery, a leading dermatology practice management company with over 150 locations and over 300 providers. Prior to joining Advanced Dermatology and Cosmetic Surgery, Mr. Simoncini served as Global Vice President at Cardinal Health.

Mr. Simoncini remarked, “The opportunity to partner with such a talented group of leading clinicians and practices does not come along very often. I am excited to help practice shareholders create the leading ophthalmology practice management platform by combining their record track of clinical excellence while leveraging CPF’s expertise in ophthalmology, proven successes in other provider-based partnerships and value-based deep care relationships.

Patients and referring providers should not expect providers to change their practices and model of patient-centred care. Going forward, the practices plan to add providers in all sub-specialties and expand their service area across Florida and the wider southeast region. Physicians in the practices will retain their current roles within the organization, while maintaining a significant stake in AVP along with CPF.

About Magruder Eye Institute
For over 50 years, Magruder Eye Institute has compassionately provided superior levels of comprehensive medical and surgical eye care to a diverse clientele. MEI is Central Florida leading provider of eye care services, with providers in six convenient locations. Its team of ophthalmologists and surgeons specialize in areas such as laser cataract surgery, diabetic retinopathy, management and treatment of glaucoma, corneal surgery, macular degeneration, dry eye and eye surgery. eyelids. For more information, visit www.magrudereye.com.

About Robson Eye Institute
Robson Eye Institute is proud to provide the Greater Tampa Bay Area with exceptional eye care thanks to two convenient locations in Clear water and Palm Harbor. Its team of ophthalmologists and surgeons specialize in areas such as laser cataract surgery, diabetic retinopathy, management and treatment of glaucoma, corneal surgery, macular degeneration, dry eye and eye surgery. eyelids.

For more information, visit www.robsoneye.com.

About Ascend Vision Partners
Ascend Vision Partners is a leading provider of administrative services for eye care practices, surgical centers and their vendors. It provides its customers with world-class administrative services, including call center, billing, accreditation, human resources and other services, enabling them to continue to provide best-in-class care to patients in their communities. Ascend Vision Partners is backed by Chicago Pacific Founders, a leading middle-market private equity firm focused exclusively on partnering with growing companies in the healthcare services industry. For more information, please visit http://www.ascendvision.com.

About the Founders of Chicago Pacific
Chicago Pacific Founders is a leading investment advisor that manages private funds, focusing exclusively on investments in growth companies in the area of ​​value-based care innovation, health services and health services. AI- and technology-enabled healthcare, and care for aging populations. CPF believes that the greatest societal impact and return on healthcare investment for the next decade will be generated by investing in innovation in delivery models. CPF’s leadership team is comprised of former CEOs, senior executives and investment professionals with a passion and proven track record of building healthcare businesses. For more information, please visit www.cpfounders.com.

SOURCE Chicago Pacific Founders

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