Financial Advisor to IDOC on its Sale to The Riverside Company
LSH Partners’ professionals, while employed at Loeb Partners Corporation, advised Independent Doctors of Optometric Care (“IDOC”), an alliance of independent optometrists throughout the U.S., on its sale to The Riverside Company (“Riverside”).
Riverside’s investment will help IDOC continue to build its strong value proposition. IDOC provides members significant savings and increased practice revenue. IDOC’s additional value-added services for members include a wide range of educational and business-management materials. Vendors benefit through access to IDOC’s large number of independent optometrists in multiple forums to explain their offerings, while significantly lowering sales and marketing costs.
“We are looking forward to the changes from this investment, which are all positive,” said IDOC CEO Mark Feder. “This allows us to provide better service while growing the company more effectively. We’re excited about working with Riverside to make IDOC bigger and better.”
Riverside intends to accelerate IDOC’s growth through investments in sales and marketing, as well as improvements in the company’s IT and member service areas. Riverside has deep and proven experience growing specialty networks like IDOC.