January 13, 2020 – HAUPPAUGE, N.Y.—SightMD (or the “Company”), a multi-specialty ophthalmology platform, today announced a strategic partnership with Spencer E. Sherman, M.D., P.C., a Manhattan-based ophthalmology practice. Sight Growth Partners, the administrative services provider for SightMD, will also serve Dr. Sherman in all administrative manners. The acquisition represents SightMD’s third office in Manhattan, with Dr. Sherman bringing 30+ years of ophthalmic experience to SightMD’s growing team of over 80 providers and 38 convenient locations in the greater tri-state area.
Dr. Sherman is a New York native who has been serving the Upper East Side community for decades. He graduated from Vagelos College of Physicians and Surgeons at Columbia College before founding his own practice. Throughout his esteemed career, Dr. Sherman served as a guest professor and lecturer at many leading medical institutions in the United States and around the world and published textbooks and articles in several major medical journals. He has been a cornerstone of his community for decades, providing kind and compassionate care to thousands of patients. Dr. Sherman is affiliated with Lenox Hill, North Shore LIJ and Manhattan Eye, Ear and Throat Hospitals.
“My partners and I are excited to welcome Dr. Sherman to the SightMD family,” said Jeffrey Martin, M.D., a Co-Founder and CEO of SightMD. “Dr. Sherman is well known in the New York ophthalmology community for his history of providing excellent patient care while remaining at the forefront of medical advancements in our industry. We could not be more excited to partner with him.”
Dr. Sherman added, “as I evaluated the future of my practice, SightMD’s physician-led, patient-centric culture resonated with me and was consistent with how I’ve practiced medicine over my career. Throughout the transaction process, SightMD was transparent, professional and focused on doing what was best for my patients, my team, and me. I’m excited to partner with SightMD and Sight Growth Partners to prepare my practice for another chapter of excellent patient care and growth.”
Jonathan Lujan, CEO of Sight Growth Partners, added, “Sight Growth Partners continues to be committed to its mission of easing the administrative burden of physicians so they can focus on the patients. We look forward to partnering with and empowering additional blue-chip providers like Dr. Sherman.”
Dr. Sherman will maintain his existing schedule pursuant to this partnership. Michael Savetsky, M.D., a Board certified Cornea/External Disease and Refractive Surgeon, specializing in LASIK, PRK, corneal transplants, cataract surgery, Pterygium, dry eye, and general ophthalmology, will also add hours at the new Upper East Side Manhattan office. SightMD’s strategic partnership with Dr. Sherman represents the eleventh practice to join the Company since Sight Growth Partners partnered with Chicago Pacific Founders in September 2018.
SightMD is a rapidly-growing integrated ophthalmic provider group, offering patients access to over 60 ophthalmic surgeons and specialists through the convenience of 38 locations spanning the east end of Long Island, Westchester County and Manhattan. SightMD’s track record of providing clinically-excellent care spans over 50 years, and its services include laser cataract surgery and lens implantation, glaucoma management, retinal disorder treatment, corneal services, neuro-ophthalmology, LASIK laser vision correction, oculoplastic surgery, pediatric ophthalmology, and audiology. For more information about SightMD, please visit https://www.sightmd.com
About Sight Growth Partners
Sight Growth Partners is a leading management services organization serving the ophthalmology sector. It has over 100 employees who provide administrative solutions to 38 ophthalmology clinics and one ambulatory surgery center, which combined serve over 80 providers. Sight Growth Partners provides its physicians with world-class administrative services, including a 24/7 call center, billing, credentialing, human resources and other services, enabling them to continue delivering best-in-class care to patients in their communities. Sight Growth Partners is backed by Chicago Pacific Founders, a leading middle market private equity firm which focuses exclusively on partnerships with growing companies in the healthcare services sector. For more information about Sight Growth Partners, please visit https://www.sightgrowthpartners.com.