Chicago Eye Institute and Arbor Centers for EyeCare, two ophthalmology practices serving the Chicago market, announced that they have entered into a strategic partnership with private investment firms MoonSail Capital and Plenary Partners to form Ocular Partners.
Terms of the deal were not disclosed.
Dr. Osvaldo Lopez, co-founder of Chicago Eye Institute, will serve as the Company’s Chairman, while Arbor’s President, Dr. Chris Albanis, will lead the new company as founding CEO. The new Ocular Partners platform will initially serve more than 20 providers, including some of the nation’s leading cataract, cornea, refractive, glaucoma and retina surgeons with more than 125,000 service encounters annually through nine clinical locations throughout Chicago.
“Forming Ocular Partners and having Arbor and CEI join forces creates the premier eye care organization in Chicago,” Dr. Lopez said in a news release. “CEI was established more than four decades ago with the single objective of delivering exceptional eye care to our patients. My partners and I are excited to come together with MoonSail, Plenary and our distinguished colleagues at Arbor to lead the nation’s premier ophthalmic services platform.”
Dr. Albanis commented, “With a history of clinical and surgical excellence dating back to the 1940s, our common passion for preserving and restoring the gift of sight will continue to serve as the foundation. Ocular Partners seeks to affiliate with, recruit and retain the best and brightest clinicians and surgeons. Our new financial partners understand and support our shared vision of clinical and surgical excellence, innovation, leadership, close ties to the academic community, strong work ethic and physician-directed culture.”