Business
LENSAR® Reports Adoption of ALLY® System in Multi-Center Ophthalmology Groups
Private equity-owned ophthalmology group, EyeSouth Partners, adopts ALLY for each operating room within its Gainesville, Georgia and Boynton Beach, Florida
About this update from Lensar, Inc.
[{"type":"text","content":"\nPrivate equity-owned ophthalmology group, EyeSouth Partners, adopts ALLY for each operating room within its Gainesville, Georgia and Boynton Beach, Florida Ambulatory Surgery Centers (ASCs)\n\n\nPrivate equity-owned ophthalmology groups account for 14% of the U.S. based ASCs performing cataract surgery 1\n\n\nALLY’s robust features and significantly improved surgical efficiencies gain support among private equity groups and physicians\n\n\n ORLANDO, Fla.--(BUSINESS WIRE)--\nLENSAR, Inc. (Nasdaq: LNSR) (“LENSAR” or “the Company”), a global medical technology company focused on advanced femtosecond laser surgical solutions for the treatment of cataracts, today announced that it has completed the installation of multiple ALLY Systems in five private equity-owned (“PE-owned”) ophthalmology groups, including EyeSouth Partners’ network. EyeSouth Partners is one of the largest PE-owned ophthalmic focused, premier networks in the U.S., with 35 practices, 19 surgery centers, and 290 doctors providing medical and surgical eye care services at over 160 locations. EyeSouth’s stated objective is to enable physicians to focus on patient care, while bringing business expertise and financial and operational efficiencies to individual practices in its network.\n\n\nThe Company sees the adoption of the ALLY System by EyeSouth Partners, and by four other PE-owned ophthalmology groups, as a strong sign of appreciation of this recently launched system. Several PE-owned groups, including EyeSouth Partners, have installed ALLY systems in multiple operating rooms within their practices or have indicated an intention to acquire additional systems, which the Company attributes to ALLY’s procedure speed and operational efficiency.\n\n\n“Private equity-owned ASCs are increasing their share of the cataract surgical market, now representing 14% of all ASC-based procedures in the U.S. These groups provide an exciting new opportunity for the ALLY System, and we believe that investment in the laser for operating rooms is on the rise among PE-owned ASCs, due to the system’s numerous advantages over legacy cataract treatment technologies. We are proud to partner with these groups and pleased that the rapid adoption of ALLY to date has enabled us to bring the system’s benefits to a broader group of surgeons and patients early in the launch cycle,” said Nick Curt...