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New Deal


Announced

Completed

Cornell Capital-backed Advancing Eyecare completed the acquisition of Veatch Ophthalmic Instruments.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Acquisition

Domestic

medical devices

Medical Equipment

ophthalmic equipment

Friendly

United States

Private

Majority

Private Equity

Single Bidder

Synopsis

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Cornell Capital-backed Advancing Eyecare, a provider of ophthalmic instruments, completed the acquisition of Veatch Ophthalmic Instruments, a distributor of ophthalmic equipment. Financial terms were not disclosed. "As we continually evaluate opportunities to scale our business and enhance how we serve customers, we are thrilled to welcome Veatch Ophthalmic Instruments to the AEC family of brands. Veatch has built a tremendous reputation over the last 30 years, centered around a commitment to customer satisfaction and improvement of patient outcomes. Their product and service offerings, complemented by a service-oriented team, make them a natural partner to add to AEC," Brad Staley, AEC CEO.

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