IDOC is "the largest privately held alliance of independent optometrists in the U.S."
NORWALK, CT – Investors Management Corp., a Raleigh, NC-based private investment firm, has acquired Independent Doctors of Optometric Care from The Riverside Co.
Terms of the transaction were not disclosed. IDOC is a practice development organization that describes itself as "the largest privately held alliance of independent optometrists in the U.S."
"We are excited to join the IMC family of companies," said Dave Brown, IDOC president and CEO. "IMC offers an ownership platform that supports the long-term vision of IDOC to provide independent optometrists extensive partner vendor programs, practice consulting, continuing education and networking opportunities to help our members achieve greater success in private practice."
Brown and his senior management team will continue to lead IDOC, whose membership includes independent optometrists at over 2,000 locations nationally. The management team includes Chief Optometric Officer Neil Gailmard, OD, and Chief Financial Officer Oliver Spandow.
"IMC are long-term owners of businesses that provide lasting benefits to society and positive financial outcomes for everyone involved," said Quinton Maynard, chairman and CEO of IMC. "We are pleased to support IDOC’s commitment to ensuring the future of independent optometry."