Advancing Eyecare Acquires OIC to Enhance Preventive Maintenance Services for Ophthalmic Instruments

On August 1, 2019, VCBeat (WeChat ID: vcbeat) learned from foreign media reports that ophthalmic medical device company Advancing Eyecare announced the acquisition of Ophthalmic Instruments & Consulting Company (OIC), a developer of ophthalmic diagnostic and treatment equipment. No financial terms of the acquisition were disclosed.

Headquartered in Washington State, USA, OIC is a developer of ophthalmic diagnostic instruments, co-founded by ophthalmology experts April Schatz and Paul VanderWel. The company is dedicated to developing ophthalmology-related diagnostic equipment and providing instrument testing and maintenance services to its clients. With an experienced team of instrument developers and technical professionals, OIC primarily delivers innovative products to general hospitals, specialized eye hospitals, and private clinics, while also offering clinical ophthalmology diagnosis and treatment advice to ophthalmologists and optometrists.

All OIC technicians undergo extensive professional training and primarily provide preventive maintenance (PM) services for medical instruments. From the perspective of preventive medicine, this service enables early detection and intervention for equipment abnormalities, thereby reducing unexpected incidents such as equipment failures and unintended interruptions in diagnostic and treatment processes. In addition, OIC offers services including instrument installation, operational guidance, and on-site staff training. As the safety and efficacy of medical devices directly impact patient outcomes and hospital operations, OIC is committed to assisting healthcare institutions in delivering high-quality care to patients.

For 25 years, OIC has served as a bellwether in the ophthalmic diagnostic and treatment equipment market, developing one-stop services ranging from instrument design, sales, and testing to maintenance. The company’s product portfolio primarily includes fundus imaging systems, ophthalmic disease diagnostic equipment, and the TRS-5100 automated refractometer system.

OIC is the leading supplier of ophthalmic diagnostic and treatment equipment in Washington, Oregon, Alaska, Idaho, and Montana. The company collaborates with Marco Ophthalmic, a U.S.-based developer of vision diagnostic equipment, to jointly provide advanced ophthalmic instruments to the healthcare market.

Advancing Eyecare, founded in 2019 and backed by private equity firm Atlantic Street Capital, owns Marco, ophthalmic instrument manufacturer Lombart Instrument, and ophthalmic equipment distributor INNOVA Medical Ophthalmics. As a leader in the eye care instrumentation market, Advancing Eyecare is committed to developing advanced technologies to deliver optimal products for the ophthalmic equipment industry.

Brad Staley, CEO of Advancing Eyecare, stated, “We have evolved into a mature ophthalmic medical device company with significant influence in the dynamic ophthalmology market. This acquisition expands the scale of Advancing Eyecare, and we will recruit more specialized technical professionals to develop advanced ophthalmic diagnostic and therapeutic equipment, thereby meeting the demands of the medical device market.”

Schatz stated, “OIC adheres to high standards and stringent requirements in equipment manufacturing. Our mission is to develop innovative medical devices, provide exceptional technical services, and drive the rapid advancement of the ophthalmic healthcare industry. We are delighted to join Advancing Eyecare.”

(Compiled by Xu Xiaoxue)