MyEyeDr Acquires Doctors Vision Center

VIENNA, Va.— MyEyeDr, the regional eyecare group based here, today acquired Doctors Vision Center, (DVC), including the brand and the corporate-owned locations of the group, one of the leading optical retailers in North Carolina. The purchase price was undisclosed.   With this acquisition along with those in other states as well as four Eyeoptix locations and seven other one- or two-office practices in North Carolina over the past year, the MyEyeDr group now has 82 locations with $125 million in revenue, executives told VMail. They added that this exceeds its previously stated goal of 60 locations with $100 million in revenue by the end of 2013, a target they announced after an infusion of private equity capital from Monitor Clipper Partners in December 2012, as reported by VMail March 13, 2013.   MyEyeDr now has 900 employees, which has grown from the 500 it had when the announcement was made in March 2013. Founded in 2001 by Robert Samit, OD, and president Sue Downes, MyEyeDr generated revenue of $75 million from 41 locations in 2012, according to Vision Monday's ranking of the Top 50 U.S. Optical Retailers. Doctors Vision Center generated revenue of $43.5 million from 41 locations in 2012, according to Vision Monday's Top 50 report.   See more