Omni Eye Services, a portfolio company of NMS Capital, has acquired Kremer Eye Center. Financial terms weren’t announced. Kremer, of King of Prussia, Pennsylvania, is medical-surgical eye care provider.
Iselin, NJ and King of Prussia, PA, April 5, 2018 – Omni Eye Services (“Omni”), a portfolio company of NMS Capital (“NMS”), announced today its strategic partnership with Kremer Eye Center (“Kremer”), a market-leading regional provider of medical-surgical eye care services in the Mid-Atlantic. Terms of the transaction were not disclosed.
Headquartered in King of Prussia, Pennsylvania, Kremer is a market-leading medical-surgical eye care provider in the Pennsylvania, New Jersey and Delaware area and one of the largest multi-specialty ophthalmic practices in the Mid-Atlantic. Over the past 35+ years, Kremer has remained at the forefront of ophthalmic surgery, performing the first LASIK surgery in North America and introducing one-stitch and eventually no-stich cataract surgery.
Remarking on the transaction, Dr. Christopher Quinn, CEO of Omni, said, “Kremer’s reputation in the Mid-Atlantic is unparalleled and their commitment to a supportive and respectful relationship with community optometrists through co-managed care makes for a natural alliance with Omni. We look forward to being a part of Kremer’s continued success. As part of the strategic relationship, all of Kremer’s physician partners will maintain their current roles with the group and will hold significant ownership in Omni while continuing to operate as “Kremer Eye Center” in its existing markets.”
Dr. Michael Aronsky, Kremer Managing Partner and Surgeon commented, “We are thrilled to partner with Omni and benefit from the efficiencies and administrative support of Omni’s practice management services enabling us to better focus our attention on the needs of our patients. Kremer has been providing high quality eye care in the Mid-Atlantic for nearly four decades and we believe this affiliation positions us well for the future. We look forward to collaborating with the Omni team to expand our presence, while continuing to provide first class patient care and establish an exceptional work environment for our physicians.”
Luis Gonzalez, Partner at NMS, added, “This is Omni’s second affiliation of 2018 and the Kremer partnership significantly accelerates Omni’s presence to over 50 providers across 16 practice locations, including two ambulatory surgery centers, throughout New York, New Jersey, Pennsylvania and Delaware. Kremer represents a very attractive foundation for us in the Mid-Atlantic market and, similar to Omni, has consistently demonstrated the highest focus on patient care, employee satisfaction and community outreach.”
Omni is an optometric referral practice providing a full range of specialty services for the advanced treatment of eye diseases, based in Iselin, NJ. Omni, by design, offers no primary care optometric services, but promotes a partnership between optometry and ophthalmology to deliver exceptional vision care. Founded in 1998, Omni provides eye care services through a network of nine offices, including one which operates an ophthalmologyfocused ambulatory surgery center, throughout New Jersey and New York. With over 35 Board-certified ophthalmologists and residency-trained optometrists, supported by a staff of over 200 registered nurses, ophthalmic technicians, surgical technicians, and patient services representatives, Omni provides nearly 100,000 encounters annually. For additional information on Omni, visit the company’s website at www.omnieyeservices.com
Headquartered in King of Prussia, Pennsylvania, Kremer is a market-leading medical-surgical eye care services provider in the Pennsylvania, New Jersey and Delaware area and is one of the largest multi-specialty practices in the Mid-Atlantic. Over the past 35+ years, Kremer has remained at the forefront of the eye care field, performing the first LASIK surgery in North America and introducing one-stitch and eventually no-stich cataract surgery. Through a network of seven eye care clinics, including an ambulatory surgery center, Kremer offers comprehensive vision care services to over 30,000 patients annually.
For additional information on Kremer, visit the company’s website at www.kremereyecenter.com
NMS Capital is a New York headquartered private investment firm specializing in strategic equity investments and leveraged buyouts of lower middle market companies. The Firm was formed through the spin-out of a group of portfolio companies from the Goldman Sachs Merchant Banking Division. NMS focuses on companies headquartered in the U.S. poised to benefit from sustainable growth trends with particular concentration on companies in Healthcare Services and Specialized Business Services. For additional information on NMS, visit the firm’s website at www.nms-capi