What you should know:
1. Vision Group Holdings operates the Laser Vision Institute and TLC Laser Eye Centers brands, and is backed by private equity-investors.
2. The company will sell to a new ownership group as a result of the filing and will use the sale to restructure its debt profile in an attempt to strengthen its balance sheet.
3. Several potential suitors are interested in acquiring Vision Group Holdings, with a sale expected to close in September.
4. The company had to close all its locations and temporarily lay off its team members in response to COVID-19 related closures.
Company CEO Lisa Melamed said: “While our centers were closed in response to the pandemic, we are excited to report that we have started to reopen and are currently treating new patients. We expect to emerge from the proceedings stronger and more viable than ever for our team members, surgeons, patients and partners”
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At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.