Vision Innovation Partners Acquires Eye Care of Delaware
Strengthens Eye Care Platform's Services in Mid-Atlantic Region
ANNAPOLIS, Md., June 24, 2025 /PRNewswire/ -- Vision Innovation Partners ("VIP"), a leading Mid-Atlantic eye care platform with 68 locations, today announced that it has acquired Eye Care of Delaware, a provider of eye surgery and related treatments in the Mid-Atlantic area. This acquisition marks VIP's 26th add-on since its founding in 2017 and strengthens its growing network of ophthalmology practices.
Founded in 1997, Eye Care of Delaware offers eye surgery and related treatments to patients in Delaware and surrounding states. Its highly trained and experienced doctors use state-of-the-art technology to perform a variety of procedures including cataract surgery, cornea & glaucoma treatments, refractive surgery, eyelid reshaping, and retina care. Led by Medical Director Dr. Jeffrey R. Boyd, M.D., Eye Care of Delaware includes one ophthalmologist and two optometrists, along with qualified support staff who coordinate patient care.
Chris Moore, CEO of Vision Innovation Partners, said, "We are delighted to welcome the team at Eye Care of Delaware to the VIP platform. VIP seeks to align with practices that want to grow and that have a great reputation for delivering superior outcomes for patients. Dr. Boyd and his team will be a great fit as we continue to build a premier vision care platform with a mission of offering the latest technology and treatments that serve our purpose of protecting and restoring vision in patients."
"Eye Care of Delaware is thrilled to become part of the VIP family, which shares our goal of providing advanced treatment and solutions that address our patients' critical vision problems in a caring environment, while supporting our growth in the region. Our patients, team members and community will benefit from VIP's additional strategic resources, business expertise, and shared vision for excellence," said Dr. Boyd.
VIP is a portfolio company of Gryphon Investors, a leading middle market private investment firm.
About Vision Innovation Partners
Founded in 2017 and headquartered in Annapolis, MD, VIP supports the Mid-Atlantic's premier ophthalmology practices and surgery centers through good people, expert leadership, the sharing of best practices and the backing of Gryphon Investors, a leading middle-market private equity firm. VIP's managed practices offer a comprehensive range of services, including routine eye exams and LASIK surgery as well as treatment for cataracts, glaucoma, macular degeneration, and other ocular diseases. The Company is among the region's leading managed services platforms for ophthalmology providers, with over 150 providers and a footprint that includes 68 locations including 12 surgery centers across Maryland, Washington D.C., Virginia, Pennsylvania and now, Delaware.
About Gryphon Investors
Gryphon Investors is a leading middle-market private investment firm focused on profitably growing and competitively advantaged companies in the Business Services, Consumer, Healthcare, Industrial Growth, Software, and Technology Solutions & Services sectors. With more than $10 billion of assets under management, Gryphon prioritizes investments in which it can form strong partnerships with founders, owners, and executives to accelerate the building of leading companies and generate enduring value through its integrated deal and operations business model. Gryphon's highly differentiated model integrates its well-proven Operations Resources Group, which is led by full-time, Gryphon senior operating executives with general management, human capital acquisition and development, treasury, finance, and accounting expertise. Gryphon's three core investment strategies include its Flagship, Heritage, and Junior Capital strategies, each with dedicated funds of capital. The Flagship and Heritage strategies target equity investments of $50 million to $500 million per portfolio company. The Junior Capital strategy targets investments of $10 million to $25 million in junior securities of credit facilities, arranged by leading middle-market lenders, in both Gryphon-controlled companies, as well as in other private equity-backed companies operating in Gryphon's targeted investment sectors.
Contact:
Stephanie Blank
stephanie.blank@vipeyes.com
410.571.8733 (x. 717)
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SOURCE Gryphon Investors