Source: VisionMonday

Acuity Eyecare Group: Riata Capital's Acuity Eyecare Completes Two Deals, Receives Backing From J.P. Morgan Asset Management

DALLAS-Riata Capital Group announced this morning that its portfolio company Acuity Eyecare Group has acquired two regional eyecare businesses (ABBA Eye Care in Colorado and EyeCare Specialties in Nebraska) that operate 18 locations overall. And, at the same time, Riata reported that funds and accounts advised by J.P. Morgan Asset Management have made "a substantial equity investment in Acuity" to support its growth and expansion efforts. The J.P. Morgan investment "positions Riata to achieve its stated plan of building Acuity to 200-300 locations over a three-to-five-year period through the acquisition of additional regional eyecare groups and independent optometry practices," the announcement noted.

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Eric Anderson's photo - CEO of Acuity Eyecare Group

CEO

Eric Anderson

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Acuity owns, operates and manages a network of eyecare groups and optometry practices.

Acuity Eyecare Group is headquarte...
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