Cincinnati Eye Institute (CEI) announced the launch of CEI Vision Partners (CEIVP), a new management services organization made possible with the support of Revelstoke Capital Partners, a Denver-based private equity firm.
“For more than 70 years, CEI has been growing as a world-class center of ophthalmic care,” Robert Foster, MD, chairman of the board at CEI, said in a company news release. “Our goal, with the launch of CEI Vision Partners, is to become one of the nation’s largest and most comprehensive eye care management companies, delivering the highest level of compassionate patient care and leading the way in vision clinical care, surgery, and research all supported by an innovative and best-in-class management team.”
CEI’s talented and comprehensive management team will lead CEIVP’s operations and will continue to provide extensive resources and capabilities to support CEI’s clinical operations. CEI will continue its mission to enhance the quality of patients’ lives by providing the highest level of eye care in the region. Patients should expect no change to CEI’s doctors and service, and will benefit from even greater access to care as CEI’s operations continue to expand fueled by additional resources and investments.
“We see tremendous growth opportunities by recruiting best-in-class providers, opening new clinical and surgical facilities, expanding our patient care and business support services, and aligning with market-leading provider groups,” Daniel Miller, MD, PhD, chief medical officer at CEI, said in the news release.
“We are very pleased to partner with this group of preeminent physicians and highly experienced management who have worked together for more than a decade to set the standard for medical and surgical eye care in the industry,” said Andrew Welch, managing director of Revelstoke. “The formation of CEI Vision Partners is a unique opportunity to leverage CEI’s platform and patient care model and accelerate growth through de novo expansion and add-on acquisitions.”
“The strategic and healthcare expertise that Revelstoke brings will enable us to accelerate our growth while maintaining the highest levels of compassionate patient care,” said Clyde Bell, chief executive officer of CEIVP.
“We are thrilled to partner with such an experienced team of investors committed to building industry-leading companies and enhancing the patient experience,” said Michael Nordlund, MD, PhD, vice-Chairman of the Board at CEI.
The launch of CEI Vision Partners is effective immediately.