Archimedes Health Investors LLC, a private equity firm focused on growing healthcare companies improve quality and care, has led a $150 million initial capital investment in Panorama Eyecare, a physician-led management services organization. The investment will fuel Panorama’s ability to form strategic partnerships with eight eyecare groups.
The capital infusion will expand the firm’s presence as a physician-led management services organization through the addition of new eyecare centers delivering high quality patient care. Panorama has 12 locations with over 500 team members.
“The investment by Archimedes Health Investors, combined with our current group of clinic partners, well positions PEC to be an industry leader and important partner for doctors and managed care organizations, as well as suppliers and vendors focused on eye care and addressing patient needs,” said Marcello Celentano, Panorama CEO.
“We are thrilled to be partnering with PEC to help accelerate their growth and with the clinicians and team members from these eight outstanding practices to help them invest for the future,” added Harry Eichelberger, managing partner at Archimedes.