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healthyeyesadvantage.com

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Partners & Customers

1

About Healthy Eyes Advantage

Healthy Eyes Advantage provides group purchasing, alliance, and other services to independent eyecare professionals.

Healthy Eyes Advantage Headquarter Location

Boca Raton, Florida,

United States

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Latest Healthy Eyes Advantage News

Nautic Partners Announces the Formation of Healthy Eyes Advantage

Jan 7, 2019

Providence, RI and Boca Raton, FL Nautic Partners, LLC (“Nautic”) announced it created Healthy Eyes Advantage (“Healthy Eyes” or “HEA”) in partnership with four industry leading companies to form the largest alliance of eye care professionals (“ECP”) in the country. Healthy Eyes has acquired substantially all the assets of Block Buying Group (“BBG”); C&E Vision Services (“C&E”); HMI, including Red Tray and Club Zero; and Vision West. Together, Healthy Eyes will serve over 10,000 independent eyecare professionals (“ECPs”). Founded in the early 1980s when independent practitioners faced growing competition from national chains, BBG, C&E, HMI, and Vision West set out to support the competitiveness of the independent channel by aggregating purchasing services allowing for efficient interaction with the eyecare supply chain. Thirty years later, the four companies that started the industry are now joining together to continue their long-standing commitment to support ECPs. The newly formed Healthy Eyes alliance will expand upon this commitment and offer new and unparalleled access, services, education, and networking to independent optometrists, ophthalmologists, and opticians. As the largest alliance in the country, HEA will set the standard of independent community and network services offered to the industry. In forming HEA, Nautic has partnered with industry leaders who collectively have over 100 years of experience serving the independent eyecare channel. The HEA team includes Jeff Rinkus, the former Chief Operating Officer of ABB Optical; Andrew Alcorn, the former Chief Executive Officer of Block Vision and Chairman of Superior Vision; and Dr. Joe Mallinger, former Chief Executive Officer of Vision West, Past President of the California Optometric Association, and President Elect of Optometry Cares, the AOA’s Charitable Foundation. In addition to the executive team, Michael Block, founder and CEO of BBG and pioneer of the eyecare buying group industry; and Brad Shapiro, Principal of C&E and Vision West, have joined the board of Healthy Eyes and are serving as Senior Advisors to the company. Jeff Rinkus, CEO of Healthy Eyes, said, “Together, the four buying groups provide purchasing services and management support to more than 10,000 optometrists, ophthalmologists, and opticians across the country with over $500 million in purchasing power. These numbers give us an opportunity to partner with leading industry suppliers to develop innovative purchasing programs that will further reduce our members’ largest expense, their cost of goods. We will also be building a peer network of independent practitioners to assist with marketing, managed care, staffing, accounting, and other practice management challenges.” Dr. Mallinger added, “Each of these groups has helped the independent eyecare professional community provide great value to its patients and succeed in the marketplace. Given our partnership with Nautic and the strength of the Healthy Eyes platform, our vision of delivering differentiated value to independent eyecare professionals and being their eyecare business solution will continue at an unprecedented scale.” “We are thrilled to partner with an incredible group of executives to form Healthy Eyes Advantage”, said Chris Corey, Managing Director of Nautic. “The combination of these four eyecare buying groups provides an outstanding foundation to serve and best position independent eyecare professionals for success in today’s evolving market and into the future.” About Healthy Eyes Advantage Healthy Eyes Advantage was formed to acquire the operations of Block Buying Group, C&E Vision Services, HMI, and Vision West. Healthy Eyes provides group purchasing, alliance, and other services to over 10,000 independent eyecare professionals. The company is based in Boca Raton, FL with offices in San Clemente, CA; San Diego, CA; and Vicksburg, MS.

Healthy Eyes Advantage Acquisitions

5 Acquisitions

Healthy Eyes Advantage acquired 5 companies. Their latest acquisition was Professional Eye Care Associates of America on July 29, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

7/29/2021

$99M

Acquired

2

11/2/2017

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$99M

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10

11/2/2017

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$99M

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10

11/2/2017

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$99M

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10

11/2/2017

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$99M

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10

Date

7/29/2021

11/2/2017

11/2/2017

11/2/2017

11/2/2017

Investment Stage

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

Note

Acquired

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Sources

2

10

10

10

10

Healthy Eyes Advantage Partners & Customers

1 Partners and customers

Healthy Eyes Advantage has 1 strategic partners and customers. Healthy Eyes Advantage recently partnered with Abyde on June 6, 2020.

Date

Type

Business Partner

Country

News Snippet

Sources

6/24/2020

Licensor

United States

Healthy Eyes Advantage and Abyde partner to deliver HIPAA compliance to independent eye care professionals

The partnership will give Advantage members access to a dynamic , streamlined HIPAA compliance solution that will help them best meet HIPAA compliance requirements .

1

Date

6/24/2020

Type

Licensor

Business Partner

Country

United States

News Snippet

Healthy Eyes Advantage and Abyde partner to deliver HIPAA compliance to independent eye care professionals

The partnership will give Advantage members access to a dynamic , streamlined HIPAA compliance solution that will help them best meet HIPAA compliance requirements .

Sources

1

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