Ontario Teachers’ investing in eye-care provider

The Ontario Teachers’ Pension Plan is acquiring a majority stake in NVISION Eye Centers, a U.S.-based provider of eye-care services.

As part of the transaction, Dr. Tom Tooma, NVISION’s founder, will retain a significant minority position in the company, serving as its chief medical officer and as a member of the board of directors.

“Our investment in NVISION is supported by demographic and health factors that are increasing demand for high-quality eye care,” said Karen Frank, senior managing director of equities at the Ontario Teachers’, in a press release. “We look forward to working with Dr. Tooma and the management team as they embark on the next phase of growth for the business.”

This is the latest investment by the pension plan’s health care team in multi-site, medical services companies. Previous investments include Heartland Dental, PetVet Care Centers and PhyNet Dermatology.