November 11, 2016
INVESTORS MANAGEMENT CORPORATION ACQUIRES IDOC
FROM THE RIVERSIDE COMPANY
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NORWALK, Conn. (November 10, 2016) – Independent Doctors of Optometric Care (IDOC, LLC), the largest privately-held alliance of independent optometrists in the U.S., announced today that Investors Management Corporation (IMC), a Raleigh, NC private investment firm, has acquired IDOC from The Riverside Company. Terms of the transaction were not disclosed.
“We are excited to join the IMC family of companies,” said Dave Brown, IDOC president and CEO. “IMC offers an ownership platform that supports the long-term vision of IDOC to provide independent optometrists extensive partner vendor programs, practice consulting, continuing education and networking opportunities to help our members achieve greater success in private practice.”
Brown and his senior management team of Chief Optometric Officer Neil Gailmard, OD, and Chief Financial Officer Oliver Spandow will continue to lead IDOC, whose membership includes independent optometrists at over 2,000 locations nationally.
“IMC are long-term owners of businesses that provide lasting benefits to society and positive financial outcomes for everyone involved,” noted Quinton Maynard, chairman and CEO of IMC. “We are pleased to support IDOC’s commitment to ensuring the future of independent optometry.”
IDOC is an alliance committed to the growth and long-term success of independent optometrists. Since 1999, IDOC has been providing eye care professionals a competitive advantage through strong vendor programs, business education and networking opportunities. In 2015, IDOC acquired PRIMA Eye Group, a leading consulting firm and alliance devoted to helping independent optometrists through every stage of their optometric business. For more information about IDOC and its benefits and services, call (203) 853-3333 or visit www.idoc.net.
About Investors Management Corporation
Founded in 1971 by James H. Maynard, IMC is a privately owned investment company located in Raleigh, NC. IMC partners with business leaders and entrepreneurs to fulfill its mission to be a responsible long-term owner of a family of high quality businesses. Today, IMC owns several industry leading businesses including Golden Corral, RiseMark, Fleet Feet Sports and Cornerstone Building Alliance. For more information, please visit www.investorsmanagement.com.