Spectrum Expands Into Fourth State Regionally with Affiliation of Lehigh Valley Eye Center and Valley Eye Surgery Center in PennsylvaniaMarch 15, 2020
Spectrum Vision Partners (SVP) has expanded its regional footprint into Pennsylvania with the affiliation of Lehigh Valley Eye Center, to include both the Allentown and Bethlehem locations. In addition, SVP will be affiliated with Valley Eye Surgical Center, an eye ambulatory surgery center also located in the Lehigh Valley area of Pennsylvania. As of this affiliation, SVP’s nearly 800 team members now provide management services in 28 clinical locations, 3 Ambulatory Surgery Centers and for over 80 ophthalmologists and optometrists. This is Spectrum’s 10th affiliation since 2017.
“This marks a major milestone for Spectrum Vision Partners, as we grow our regional footprint,” remarked Tom Burke, SVP’s CEO. “We’re proud to assist these two well-established and well-respected Lehigh Valley eye care centers as they move under the SVP umbrella. Lehigh Valley Eye Center’s award-winning team is a perfect fit for the growing Spectrum network of state-of-the-art eye care practices.”
The affiliation of Lehigh Valley Eye Care Center adds seven board certified ophthalmologists and two optometrists to the Spectrum Vision network. Drs. Trachtman, Listhaus, Baloh, Kushnick, O’Brien, Shah, Carter, Lare-Knappenberger and Randle will continue practicing at their current locations. The offices trained specialists are experts in general ophthalmology, cornea and refractive surgery, dry eye, cataract surgery, glaucoma, retina, pediatric ophthalmology, oculoplastics, primary eye care and contact lenses.
Lehigh Valley senior partner, Mark S. Trachtman, MD, noted, “This is an extraordinary opportunity to back our comprehensive eye care team with some of the finest technology and resources available. Our patients will reap additional benefits from our association with the world-class Spectrum Vision organization. I’m excited about the prospect of joining forces with an internationally recognized group of leaders who are raising the bar for vision care excellence.”
“We couldn’t be more pleased to join one of the leading ophthalmology practices in the U.S.,” says Alan D. Listhaus, MD, another Lehigh Valley Eye Center senior partner. “Spectrum Vision has firmly proven its commitment to providing some of the finest eye care in the nation. As part of the SVP network, we will gain a strong foundation for offering our patients an even greater range of services and conveniences.”
Marnie O’Brien, DO, Lehigh Valley’s pioneering cataract surgeon, concurred “This is an ideal situation for the Lehigh Valley team. The added strength and presence of the Spectrum Vision Partners network will allow our doctors to stay focused on our number one priority—providing the finest vision care available anywhere.”
As part of Spectrum Vision Partners, the Lehigh Valley Eye Center’s doctors and services will receive the unrivaled support of a leading management services organization, exclusively serving the ophthalmology sector. In addition to the two new practices in Pennsylvania, SVP supports the growth and management of some of the leading ophthalmology practices and eye ambulatory surgery centers in the New York, New Jersey and Connecticut Tri-State area.
About Spectrum Vision Partners
Spectrum Vision Partners (www.spectrumvisionpartners.com) is a leading management services organization, serving the ophthalmology sector. Spectrum Vision Partners has nearly 800 employees, providing world-class practice management solutions to a network of nationally renowned, multi-specialty ophthalmologists in the New York, New Jersey, Connecticut and Pennsylvania region. The Spectrum platform consists of 28 clinic locations, 3 State Licensed Ambulatory Centers, with 80 surgeons, doctors and other medical professionals. Spectrum Vision Partners provides a comprehensive set of business support functions, including billing and collections, credential services, marketing, physician recruitment, ASC development, financial and accounting services, benefits and payroll management and information technology.
Blue Sea Capital (www.blueseacapital.com) is a private equity firm based in West Palm Beach, Florida, that invests in growth-oriented lower middle market companies with EBITDA of up to $30 million. The firm has $1.4 billion in committed capital and invests across three industry verticals: aerospace & defense, healthcare and industrial growth. Blue Sea Capital’s strategy is to partner with talented leaders and differentiated companies, typically as the first or second institutional investor, and deliver strategic and operational value-add that drives growth acceleration, industry outperformance and business transformation.