Company Completed 30 Acquisitions In 2019 Representing 60 Practices Acuity Also Announces Strategic Rebranding As AEG Vision
| DALLAS, Jan. 30, 2020 /PRNewswire/ -- Riata Capital Group (“Riata”) announced that its portfolio company Acuity Eyecare Group (“AEG” or the “Company”), an owner and operator of leading North American eyecare practices, has recently completed 12 acquisitions in 4 states, totaling 22 practices. AEG now owns and operates approximately 140 practices across 11 states, and has another 30 practices under letter of intent. In 2019, the Company completed 30 acquisitions, representing 60 practices. Acuity’s new acquisitions are located in Arizona, Tennessee, Texas and Ohio. Each of the groups and practices acquired are complementary to AEG’s market positioning as a community-based doctor-centric eyecare platform that provides full-scope optometric services and a comprehensive selection of lenses, frames and contacts lenses. Acuity Eyecare Group also announced that it is rebranding to AEG Vision, a name that better reflects the Company’s commitment to full-scope medical optometry and improving patient outcomes. The rebranding includes a redesign of the company’s website, logo, graphics and communications. “We had a very productive year as AEG grew by 60 practices, with another 30 practices pending close in the first quarter of 2020,” Eric Anderson, CEO of AEG Vision, said. “We are excited with the development of AEG Vision, an eyecare platform positioned as a caring community of local providers that helps our neighbors take care of their vision, one patient at a time. Our approach is to be collaborative with independent eyecare professionals and eyecare groups. And increasingly as we emphasize full-scope medical optometry, along with delivering an exceptional retail experience for patients and customers, our message is increasingly resonating with the market.” “We are excited to continue AEG’s momentum into 2020,” Jeff Fronterhouse, Managing Partner of Riata Capital Group, said. “AEG Vision has now established presence and is focused on building density in 11 states. To support this growth, AEG has been systematically adding resources to its field support, operations, and integration teams. Importantly, we are transitioning all practices acquired to a common POS, practice management, EHR systems platform. Ultimately, we are building the business to support steady acquisition-led growth, and remain enthusiastic about achieving our stated goal of building AEG into a 250-300 location market-leading eyecare platform.” About AEG Vision About Riata Capital Group, LLC Contact:
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