Vision Monday


Collaborative Effort Launched to Provide Resources to ODs Buying or Selling a Practice

By Staff
Friday, October 6, 2017 12:21 AM

RANCHO CORDOVA, Calif. —The Practice Management Center (PMC), Vision One Credit Union, and VSP Global have teamed up through to connect ECPs looking to buy or sell an optometry practice. The goal is to “make the overall experience a seamless transition,” according to an announcement this week.

“Purchasing a practice can be a challenging experience for doctors,” PMC chief executive officer Mark Wright, OD, said in the announcement. “Similarly, selling a practice can also be an overwhelming experience for retiring doctors. Our goal is to make the process smooth for both sides, which will in turn help ensure the future success and growth of independent optometry.” is “the starting point” for ECPs who are in the market to buy or sell part or all of a practice, the announcement noted. Doctors can utilize this new tool by registering on the secure website. PMC then implements its “Smart Match” model to match the doctor with a buyer, seller or practice that meets the specified criteria. “Once a match is made, PMC works closely with the doctors, providing support and consultation throughout the practice transition process,” the announcement noted.

“It’s a priority to create new opportunities for VSP’s network of 38,000 doctors at every stage of their career,” said Michelle Skinner, chief provider relations officer at VSP Global, explaining VSP’s support of the new initiative. “This collaboration is one of several initiatives under way to provide doctors options and resources along their path in the profession.”

In addition to expert practice management guidance from PMC, Vision One Credit Union will provide the capital and financial expertise for pre-qualified optometrists to buy, grow and sell private practices, the announcement noted.

Doctors interested in buying or selling an optometry practice can get started by registering at
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