Expands National Footprint in Ophthalmic Instrumentation and Further Strengthens Offerings to Vision Care Providers
JACKSONVILLE, Fla. , Nov. 11, 2022 /PRNewswire/ — Improving Eyecare (” AEC “), North America’s leading provider of ophthalmic instruments, today announced the acquisition of Veatch Ophthalmic Instruments (” Veatch “), a leading U. S. distributor of ophthalmic equipment. Financial terms associated with the transaction were not disclosed.
Headquartered within Tempe, Arizona , Veatch has a more than 30-year history of distributing ophthalmic technology in order to vision care providers throughout the United States . With a shared commitment to best-in-class customer support, Veatch and AEC will expand product and service offerings to their combined customers and capitalize on synergistic growth opportunities.
Headquartered in Jacksonville, Florida , AEC has seven market-leading brands in eyecare instrumentation plus offers an one-stop solution for ophthalmic equipment and services to a diversified client base that includes independent eye care practitioners, national chains, hospitals plus teaching institutions. Led by an experienced leadership team with deep industry expertise, AEC has the largest and most experienced technical sales force and equipment service team within the industry to fully support customers in operating the vision treatment practice.
In 2022, AEC partnered with Cornell Capital, a U. S. -based private investment firm, in order to drive growth, expand the company’s reach and further enhance AEC’s ability to provide high-quality, innovative products and services to a growing customer base. The addition of Veatch strengthens AEC’s leadership in eyecare instrumentation.
Brad Staley , Chief Executive Officer associated with AEC, said, “As we continually evaluate possibilities to scale our business and enhance how all of us serve clients, we are thrilled to welcome Veatch Ophthalmic Instruments in order to the AEC family of brands. Veatch has built a tremendous reputation over the particular last 30 years, centered around a commitment to customer satisfaction and improvement of patient outcomes. Their product plus service products, complemented simply by a service-oriented team, make them a natural partner in order to add to AEC. ”
“We are excited to partner with Evolving Eyecare to further broaden our product portfolio and increase our reach as part of a larger company, ” said Kyna Veatch , President associated with Veatch. “We believe our own unique approach will help strengthen the combined manufacturers and create significant value for our customers and the patients they serve. We look forward to working with the particular talented AEC team, who shares our customer-first mindset, in delivering the highest standard of service and ophthalmic technology across the U. S. inch
Visit www.advancingeyecare.com for more information.
About Progressing Eyecare
Advancing Eyecare™ is the leading provider in the eyecare instrumentation marketplace established to offer the best products plus service solutions within the ophthalmic equipment business. Currently comprised of Lombart Instrument, Marco Ophthalmic, INNOVA Medical, S4Optik, Santinelli International, and other leading brands, the combined scope associated with the organization has the broadest product portfolio, the particular most knowledgeable people, and the most reliable service within the market. For more information, visit www.advancingeyecare.com .
About Veatch Ophthalmic Instruments
Founded in 1988, Veatch Ophthalmic Instruments has been an integral part of the ophthalmic community with a rich history and an exciting future. Veatch has gained a reputation for outstanding service and commitment in order to customer fulfillment to ophthalmic professionals nationwide for over 30 years. To find out more, visit www.veatchinstruments.com .
About Cornell Capital
Cornell Capital LLC is the U. S. -based private investment firm with ~$6 billion of AUM plus offices inside New York and Hong Kong . Leveraging decades of global investment experience, the company takes a disciplined approach to investing throughout the consumer, financial services, plus industrials/business services sectors, often in companies that can benefit from the firm’s Asia presence and cross-border experience. Founded in 2013 by Senior Partner Henry Cornell, the former Vice Chairman associated with Goldman Sachs’ Merchant Banking Division, the particular firm will be led simply by a highly seasoned group with substantial shared expense experience. To learn more, visit www.cornellcapllc.com .
Media Inquiries:
AEC
Kristen Tischler – Vice President, Global Marketing
[email protected]
757-853-8888
Cornell Capital
Jon Keehner / Kate Thompson / Woomi Yun
Joele Frank , Wilkinson Brimmer Katcher
212-355-4449
SOURCE Advancing Eyecare
