TLC Vision
Year of Investment:
2010
Industry
Healthcare
Headquarters
West Palm Beach, FL & Minneapolis, MN
Status
Realized
Website
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)
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