Omni Eye Services buys Phillips Eye Center

Omni Eye Services, a portfolio company of New MainStream Capital, has acquired Phillips Eye Center. Financial terms weren’t announced. Phillips Eye Center, of Elmwood Park, New Jersey, is led by Hadley Phillips, DO, and provides eye care to the northern New Jersey area.

PRESS RELEASE

Iselin, NJ and Elmwood Park, NJ, January 17, 2018 – Omni Eye Services (“Omni”), a portfolio company of New MainStream Capital (“NMS”), announced today that it has affiliated with the Phillips Eye Center (“Phillips”) led by Hadley Phillips, DO. Dr. Phillips, along with his colleagues, have been providing high quality eye care to the northern New Jersey area since 1983. Dr. Phillips will continue to lead Phillips Eye Center and will now benefit from the administrative support and scale provided by Omni Eye Services Management Team.
Remarking on the transaction, Dr. Christopher Quinn, CEO of Omni, said, “Phillips is a highly respected and well-known practice with an exceptional clinical and support team focused on providing high-quality patient care. As our first affiliation with another ophthalmology practice, we are thrilled to partner with such a high caliber team.”
Dr. Phillips commented, “We are very excited about aligning with both Omni and NMS. This new partnership will allow us to enrich our delivery of the finest medical and surgical eye care to the patients in our community.”
About Omni
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 six offices, including one which operates an ophthalmology-focused ambulatory surgery center, throughout New Jersey and New York. With over 26 Board-certified ophthalmologists and residency-trained optometrists, supported by a staff of 150+ registered nurses, ophthalmic technicians, surgical technicians, and patient services representatives, Omni provides over 75,000 encounters annually. For additional information on Omni, visit the company’s website at www.omnieyeservices.com
About Phillips
Phillips is an optometric referral practice providing a full range of specialty services for the advanced treatment of eye diseases, based in Elmwood Park, NJ. Founded in 1983. Phillips offers eye care services through two offices in New Jersey. With 10 Board-certified ophthalmologists and residency-trained optometrists, supported by a staff of more than 60 ophthalmic technicians, surgical technicians, and patient services representatives, Phillips delivers ophthalmic care to nearly 15,000 patients annually. For additional information on Phillips, visit the company’s website at www.phillipseye.com
About NMS
New MainStream 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-capital.com