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Spectrum Vision Partners Announces Ninth Affiliation and First Affiliation in New Jersey: EyeCare 20/20

OCLI, a Spectrum Vision Partners (SVP) managed practice, has announced the addition EyeCare 2020 in East Hanover, NJ, an esteemed LASIK, Laser Cataract and Ophthalmology practice with experience spanning decades. Eyecare 2020 is the ninth affiliation of Spectrum Vision Partners’ managed practices since November 2017, when SVP partnered with the growth-oriented private equity firm, Blue Sea Capital, and represents the first such affiliation in New Jersey, where SVP expects to continue to rapidly expand.

Over the past decades, Dr. Silverman and the team at EyeCare 2020 have built a respected practice, serving patients from East Hanover, Parsippany, and throughout New Jersey. Dr. Silverman has performed thousands of LASIK and Laser Cataract surgeries. EyeCare2020 is the first practice in New Jersey to offer custom wavefront LASIK with the ALLEGRETTO WAVE® laser. Joining OCLI will allow this already successful practice to grow further in the region and enhance patient service.

“As innovators in our field, joining the OCLI team was a natural fit,” explains Cary Silverman, MD. “As the first New Jersey practice to partner with OCLI, we look forward to growing OCLI further in New Jersey and enhancing our patients’ experience.”

SVP supports the growth, administration 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. In addition to OCLI, managed practices include Island Eye Surgicenter, Ophthalmic Consultants of Connecticut (OCC), New Vision Cataract Center, Long Island Eye Care, Eye Institute of New York, Glaucoma Associates of Long Island, Precision Eye Care and Huntington Eye Care.

In its first year of business, SVP grew from 400 employees to a current total of nearly 800. The organization recently relocated to a new corporate service center in order to provide improved customer service. The company offers its network of multi-specialty ophthalmologists a complete range of business services.

Tom Burke, CEO of Spectrum Vision Partners, commented, “This partnership not only marks OCLI’s first entry into New Jersey, but also represents a first opportunity for Spectrum Vision Management to work with world-class eye health surgeons and specialists in that state. Dr. Silverman and his team of doctors and surgeons will be a welcome and respected addition to the growing roster of OCLI. We are excited to provide our services to a practice of this caliber.”

About OCLI
Founded in 1997, OCLI (www.ocli.net) is one of the leading ophthalmology practices in the United States. OCLI boasts 21 state-of-the-art medical facilities across Manhattan, Nassau and Suffolk counties, housing the most advanced technology available, to offer patients a variety of ophthalmic services and treatments. OCLI is led by 54 highly skilled ophthalmologists in each major sub-specialty of eye care, providing comprehensive eye care services, including treatment for cataracts, corneal disease, refractive surgery, glaucoma, oculoplastics, retinal disease and neuro-ophthalmology. OCLI also employs six Doctors of Optometry, three Physician Assistants, and one NYS Licensed Aesthetician.

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 and administrative solutions to a network of nationally renowned, multi-specialty ophthalmologists in the New York, New Jersey, Connecticut Tri-State region. The Spectrum platform in New York and Connecticut consists of 26 clinic locations, two State Licensed Ambulatory Centers, with 71 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 is a private equity firm based in West Palm Beach, Florida that invests in growth-oriented lower middle market companies valued up to $250 million. The firm has over $750 million in assets under management and invests across three industry verticals: aerospace & defense, healthcare and industrial growth. Blue Sea Capital’s strategy is to partner with talented managers 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. For more information, please visit www.blueseacapital.com.

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