Advancing Eyecare Announces Acquisition Of Veatch Ophthalmic Instruments

Nov 11, 2022•over 2 years ago

Acquiring Company

Advancing Eyecare

Acquired Company

Veatch Ophthalmic Instruments

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Description

Advancing Eyecare ("AEC"), North America's leading provider of ophthalmic instruments, today announced the acquisition of Veatch Ophthalmic Instruments ("Veatch"), a leading U.S. distributor of ophthalmic equipment. Financial terms of the transaction were not disclosed.

Company Information

Company

Advancing Eyecare

About

Advancing EyecareTM is the leading provider in the eyecare instrumentation marketplace established to offer the best products and service solutions in the ophthalmic equipment industry. Currently comprised of Lombart Instrument, Marco Ophthalmic, INNOVA Medical, S4Optik, Santinelli International, and other leading brands, the combined scope of the organization has the broadest product portfolio, the most knowledgeable people, and the most reliable service in the industry.

M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

M&A deals with strong technology integration plans are 2.5x more likely to succeed