Our Partnership Process

We’re here to guide you through each step of transitioning your practice.

Keys to a Partnership with MyEyeDr.

Ongoing Partnership

MyEyeDr. buys 100% of the assets of your practice, and you and your team become employees of MyEyeDr. You commit to working with us for a minimum of 3–5 years — we’d love for you to stay longer!

Tailored Purchase Price

We set a purchase price unique to your office and not based on a standard formula or multiple. Your purchase price is paid as an upfront installment on the day of closing, plus several deferred installments contingent upon your employment.

Office Transition

We first focus on cultural integration and understanding how your office operates. We then focus on bringing our two cultures together.

Partnership Process Overview

Introduction & Initial Partnership Process

  1. Meet MyEyeDr.

    Learn more about our culture and the acquisition process, and tell us about your practice and future aspirations.

  2. Submit Practice Information

    Provide information about your practice's financial information and operations, and speak with MyEyeDr.'s doctor liaison for us both to learn more about each other from a doctor-to-doctor perspective. All this information will be held strictly confidential and will be protected by a Non-Disclosure Agreement.

  3. Follow-up Information Exchange

    We may have additional questions to help us better understand your practice and operational approach.

  4. MyEyeDr. Acquisition Committee Review

    We review your practice with our Executive Team for approval to partner together.

  5. Letter of Intent (LOI) Presentation & Discussion

    With the Executive Team's approval of a partnership with your practice, we will present you with an offer overviewing the key terms of our proposal for your practice. This offer is called a Letter of Intent (LOI) and details the purchase price, your employment commitment, and other conditions necessary to complete a partnership.

  6. Sign Letter of Intent

    After discussing your thoughts and mutually agreeing to terms in the LOI, we sign the LOI and move to the next phase of the acquisition process.

    Finishing Our Partnership Commitment

  7. Kickoff Post-LOI Diligence & Legal Agreement Review

    You have a dedicated support person throughout all of diligence! Kickoff call with MyEyeDr.'s diligence manager and Practice Development leader. Diligence requests are sent to you for completion, and initial legal agreements are sent to you and your attorney for review.

  8. Submit Post-LOI Diligence

    Review and complete your diligence via video conference with MyEyeDr.'s diligence manager. You will also complete a confidential assessment confirming health and mental fitness.

  9. Negotiate Legal Agreements & Begin Lease Assignment

    After reviewing the initial legal agreements, you and your attorney provide comments for us to review. We will negotiate any open points and come to a mutually satisfactory agreement before finalizing and signing documents. Closing timeline is set.

  10. Inform Associate ODs & Begin Employment Discussions

    Introduce each doctor to us to begin discussing their employment agreements. Your assistance in onboarding your associate doctors and ensuring timely responses is vital.

  11. Inform Staff & Host MyEyeDr. Welcome Meeting

    Inform your staff of our partnership 2–3 days in advance of the welcome meeting. We will host the welcome meeting at your office, with several operational leaders on site to introduce MyEyeDr. and meet with your staff individually.

  12. Final Diligence & Prep for Closing/Integration

    Gather debt and equipment lease payoff letters, provide the most recent invoices for any utilities, and complete funds flow for upfront purchase price payment. Once ancillary legal documents are completed, we officially close on our partnership.

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Ensuring the Enduring Legacy of Your Practice

Here are some of the steps we take to modernize your practice.

Updated IT

We provide you with new IT equipment (phones, computers, printers, etc.) and convert patient data to new systems.

On-Site Training

Your team will have on-site trainers during the initial weeks after joining MyEyeDr., with follow-up in the weeks to come. Additional training will address any identified opportunities.

Merchandising and Marketing

A diligence manager will connect you with MyEyeDr.’s product and marketing teams to discuss frame brands and marketing needs for the office.

Success Stories

MyEyeDr. offered us a comprehensive solution for all our operational needs, including those we had been outsourcing, such as IT. As strong as we were, we were not strong enough to take care of all of our operational needs ourselves. MyEyeDr. changed that, with nearly all those operational necessities now handled by our support team at the MyEyeDr. home office.

Chris Hobson, O.D. Optometrist, Hobson Eye Associates

With insurance reimbursements getting lower, cost of goods getting higher, payroll expenses increasing, and employee challenges requiring an outside human resources expert, I was getting tired of fighting for every penny to make sure that my net profits could continue to grow. With all of that pressure, and so much to be gained, selling to MyEyeDr. was an easy decision.

Catherine Ferentini, O.D. Optometrist, Visual Perceptions

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Let's Focus on Your Future, Together.

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