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TLC Vision

Year of Investment

2010

Industry

Healthcare

Headquarters

West Palm Beach, FL & Minneapolis, MN

Status

Active

Website

http://www.tlcvision.com

Business

TLC Vision is North America’s premier eye-care services company, providing eye doctors with tools and technologies needed to deliver high-quality patient care. In 2014 we merged one division, TLC Laser Eye Centers, with LASIK Vision Institute (LVI), creating the largest operator of eye surgery centers in North America. The other division, Sightpath Medical, provides mobile cataract and refractive surgery units for rural hospitals and surgery centers.

Charlesbank Investment

In 2010, Charlesbank agreed to acquire TLC Vision. We guided the company through the bankrutpcy process and helped it emerge as a newly reorganized, private company in May 2010. Charlesbank also arranged debt financing to partially fund the acquisition. In 2011, we sold the Vision Source optometry division and in 2014 we merged the laser centers business with LVI, retaining an interest. We continue to hold a controlling stake in the Sightpath division.

CEO

Ben Cook (LVI) and Peter Flynn (Sightpath)

Key Team Members
Additional Healthcare Portfolio Companies

Realized Investments