Hauser Private Equity was founded by Mark Hauser and is based in Cincinnati. EyeCare Partners is a leading optometry and ophthalmology network that declared to acquire CEI Vision Partners, another ophthalmology practice. The ECP-CVP combined entity has more than 700 optometrists and 280 ophthalmologists. These specialists are supported by about 1,200 team members and 5,000 clinicians in 18 states, but the financial details were undisclosed.
Mark Hauser, the managing partner of Hauser Private Equity said that they had made several ophthalmological investments in their fund portfolio. The CEO management team and Revelstoke have been excellent and EyeCare acquisition addresses the investment robustness as well as Cincinnati’s market power. Mark Hauser and the company joined Revelstoke Capital Partners in Denver as a strategic partner and co-investor in Cincinnati Eye Institute.
Out of this combination, CVP was formed, and it supports Cincinnati Eye Institute’s advancement, enabling them to explore more partnerships alongside other dominant ophthalmology providers. CVP had an aggressive growth strategy and many acquisitions like Dayton Eye Associates. This resulted in the growth of the number of doctors to 150.
Paul Swanson, co-partner of Hauser Equity said that they were impressed with the results for the CEI Vision employee partners as well as Hauser Private Equity Core Fund III investors. Paul also noted the progress made by other partners like Revelstoke Capital Partners and OrthoAlliance based in Cincinnati as well as Tampa-based Data Link. Partners Group Holding AG owns ECP, a private firm in Switzerland. EyeCare is estimated to serve more than 3M patients annually.
CVP has substantially advanced in the past three years through collaborating with other ophthalmology networks in Mid-Atlantic and Midwest. Clyde Bell, CVP’s CEO said that they are impressed to advance the growth levels by merging with ECP. Clyde said that it was clear by combining the organizations’ cultures and strengths could easily resonate to offer quality vision care services.