Fraser Eye

What Fraser Eye does

Fraser Eye (legally Fraser Eye Care Center) is a surgeon-owned, private ophthalmology and optometry practice headquartered in Fraser, Michigan, operating six clinical locations across Metro Detroit, Southeastern Michigan, and Northeastern Michigan. The practice employs 51-100 staff including 20+ board-certified ophthalmologists and optometrists with fellowship training across six subspecialties (Retina, Glaucoma, Cornea, Pediatrics, Dry Eye, and Oculoplastics). Service delivery combines routine comprehensive eye care with a full surgical portfolio spanning refractive vision correction (LASIK with WaveLight Contoura Topography, SMILE, PRK, EVO ICL, Refractive Lens Exchange), cataract surgery with premium intraocular lens options including the Light Adjustable Lens and a proprietary dropless cataract technique, and disease management for dry eye, glaucoma, retinal conditions, keratoconus, Fuchs' dystrophy, and pediatric eye disorders.

The business operates a multi-modal revenue model anchored by one-time surgical procedures (LASIK, cataract surgery, EVO ICL, PRK) at premium pricing, complemented by recurring professional services revenue from chronic disease management, comprehensive eye exams, and post-operative follow-up care. Adjacent revenue streams include oculoplastic and facial plastic surgery, a partner med spa (Théia Aesthetics), and an on-site ambulatory surgery center (Michigan Outpatient Surgical Facility). Go-to-market is direct-to-consumer via website scheduling, online self-evaluation quizzes, and six physical clinic locations, supplemented by a HIPAA-compliant optometric referral channel and a patient LASIK referral program. Financing is facilitated through CareCredit, with monthly payments as low as $80/eye and 0% promotional terms to reduce elective-procedure affordability friction.

The practice has grown primarily through tuck-in acquisitions of independent regional eye care practices (Villani Eye Center, Manzo Eye Care, Colombo Eye Care, Grosse Pointe Eye Center), retaining acquired brand identities while integrating operations. Fraser Eye emphasizes surgeon-controlled ownership and independence from corporate or private-equity sponsorship as a positioning differentiator, and operates a clinical research function referenced on its website. Cumulative reported procedure volumes include 100,000+ vision correction procedures and 20,000+ dropless cataract surgeries in Michigan, with approximately 7,000 cataract surgeries performed annually.

Name

Fraser Eye

Legal name

Fraser Eye Care Center

Website

https://frasereye.com

Company type

Private

Founded year

1984

Operating status

Operating

Headcount range

51–100 employees

Short description

Fraser Eye is a surgeon-owned, private ophthalmology practice operating six clinic locations across Metro Detroit and Michigan. It provides comprehensive eye care including LASIK, cataract surgery, dry eye, glaucoma, retina, pediatric, and oculoplastic services to individual consumers.

Ownership category

akta.pro rank

Product category

Ophthalmology and Optometry Services

NAICS

Offices of Optometrists (621320), Offices of Optometrists (62132)

SIC

Surgical & Medical Instruments & Apparatus (3841)

akta.pro primary industry

Optometry Clinics (Primary Eye Care) (HLAKAKAB)

akta.pro secondary industries

Comprehensive Eye Exams & Vision Care (HLAKAKAA), Cornea, External Disease & Refractive Surgery (LASIK/PRK) (HLAKAKAF), Retina & Vitreous Specialists (HLAKAKAE), Ocular Imaging & Diagnostic Testing Centers (HLAKAKAN)

Keywords

• Ophthalmology services
• Cataract surgery
• LASIK vision correction
• Comprehensive eye care
• Medical eye treatments

Headquarters

HQ city

Fraser

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D, Supply Chain

Revenue model

1. Surgical Vision Correction Procedures: One-time surgical procedures including LASIK, cataract surgery, EVO ICL implantation, and PRK. These represent the primary revenue drivers with premium pricing for advanced technology options and specialty lenses.
2. Medical Eye Care Services: Comprehensive eye exams, diagnostic testing, and treatment for conditions including glaucoma, dry eye, retinal diseases, keratoconus, Fuchs' dystrophy, pterygium, and pediatric eye conditions.
3. Oculoplastic and Facial Plastic Surgery: Functional and reconstructive eyelid surgeries, cosmetic procedures including blepharoplasty and brow lifts, performed by fellowship-trained oculoplastic surgeons. Also includes non-surgical treatments through partner med spa Théia Aesthetics.
4. Financing and Payment Plans: Revenue facilitated through CareCredit financing partnerships, allowing patients to pay over time for procedures. The practice also accepts HSA/FSA accounts and offers various payment options including cash, credit, and tax refund payments.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels9 records

Core offering

Fraser Eye is a surgeon-owned ophthalmology and optometry practice delivering comprehensive medical, surgical, and cosmetic eye care across six Michigan locations. Core offerings include vision correction procedures (LASIK with WaveLight Contoura Topography-Guided technology, SMILE, PRK, EVO ICL, and Refractive Lens Exchange), cataract surgery with premium IOL options including Light Adjustable Lens and DropLess technique, glaucoma and retinal disease management, dry eye treatment, corneal cross-linking for keratoconus, pediatric eye care, oculoplastic and eyelid surgery, and routine comprehensive eye exams.

Product overview

Fraser Eye is a comprehensive vision care practice offering a broad portfolio of eye care services across six locations in the Detroit, Michigan metropolitan area. The practice operates as a single unified healthcare organization combining routine eye care with specialized surgical services. The core service offerings include vision correction procedures (LASIK with Contoura Topography-Guided technology, SMILE, PRK, EVO ICL, and Refractive Lens Exchange), cataract surgery with premium IOL options including the Light Adjustable Lens and DropLess technique, and comprehensive medical eye care for conditions including dry eye disease (treated with IPL therapy and in-house serum tears), glaucoma, retinal diseases, corneal conditions (keratoconus with cross-linking, Fuchs' dystrophy, pterygium), and pediatric eye care. Surgical specialties in oculoplastics are provided alongside a partner med spa (Théia Aesthetics) for cosmetic treatments. The practice also operates an on-site ambulatory surgery center (Michigan Outpatient Surgery Center) and provides patient portal access for appointments and billing.

Differentiator

Problem solved

Functional benefit

Brands

• Théia Aesthetics: Medical spa partner offering non-surgical cosmetic treatments including BOTOX, dermal fillers, IPL photofacial, and laser treatments.
• Michigan Outpatient Surgical Facility

Products and services

• LASIK Laser vision correction procedure using WaveLight with Contoura Topography-Guided technology for bladeless, fully personalized results to reduce dependence on corrective eyewear. For adults ages 18-45 seeking vision correction.
• SMILE Small incision lenticule extraction, a minimally invasive laser vision correction procedure for patients seeking an alternative to LASIK.
• PRK (Photorefractive Keratectomy) Surface ablation laser vision correction procedure offered as an alternative for patients who may not be ideal candidates for LASIK.
• EVO ICL (Implantable Collamer Lens) Implantable collamer lens procedure for vision correction that is reversible and suitable for patients with thin corneas or high prescriptions.
• Cataract Surgery Surgical procedure to remove clouded natural lenses and replace them with premium intraocular lens implants (IOLs), including dropless cataract surgery for simplified recovery.
• Refractive Lens Exchange (RLE) Surgical procedure that replaces the natural lens with an artificial IOL to correct refractive errors, similar to cataract surgery but performed for vision correction rather than cataract removal.
• Presbyopia Treatment Surgical and non-surgical options to reduce reliance on reading glasses and improve near vision for patients with age-related focusing loss.
• Comprehensive Eye Care Routine eye exams, vision testing, and general eye health care services for patients at every stage of life.
• Dry Eye Treatment Comprehensive diagnostic and treatment services for dry eye disease, including prescription drops, IPL therapy, serum tears, punctal plugs, and meibomian gland treatments.
• Oculoplastics (Eyelid and Facial Plastics) Functional and reconstructive eyelid surgery including ptosis repair, blepharoplasty, brow lifts, tear duct surgery, and cosmetic procedures.
• Glaucoma Treatment Diagnostic and treatment services for glaucoma including medications, laser surgery (SLT, LPI), minimally-invasive glaucoma surgery (MIGS), and incisional surgery.
• Pediatric Eye Care Specialized eye care for children including treatment for strabismus, blocked tear ducts, pediatric cataracts, pediatric glaucoma, and retinopathy of prematurity.
• Retina Services Diagnosis and treatment of retinal conditions including diabetic retinopathy, macular degeneration, retinal detachment, epiretinal membrane, macular hole, and vitrectomy surgery.
• Corneal Cross-Linking (CXL) FDA-approved minimally invasive procedure using riboflavin drops and UV light to strengthen corneal tissue and halt progression of keratoconus.
• Keratoconus Treatment Comprehensive keratoconus management including corneal cross-linking, gas permeable contact lenses, Intacs corneal inserts, and corneal transplant.
• Fuchs' Dystrophy Treatment Treatment for Fuchs' endothelial dystrophy including hypertonic eye drops and surgical options such as DSAEK partial cornea transplant.
• Pterygium Treatment Surgical and non-surgical treatment for pterygium (fleshy growth on the eye) with low recurrence rates.
• Michigan Outpatient Surgery Center State-of-the-art ambulatory surgery center for ophthalmic outpatient surgery, operated by Fraser Eye Care.

Quantifiable outcome

• 99% of LASIK patients achieve better than 20/20 vision
• +8 more outcomes

Named customers7 records

Segments7 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Eye Centers of Florida: Multi-location ophthalmology and optometry group providing cataract surgery, LASIK, retina, glaucoma and oculoplastic services across Florida; directly comparable as a regional multi-subspecialty eye care group with surgical centers and broad clinical service lines.
• TLC Laser Eye Centers: Multi-location LASIK-focused refractive surgery chain; comparable to Fraser Eye's LASIK service line as a provider of laser vision correction using advanced platforms (WaveLight/Contoura) with similar premium positioning, though narrower in scope (refractive only).
• LasikPlus: National LASIK provider with multiple locations; comparable to Fraser Eye as a direct competitor in elective laser vision correction, though operating at much larger scale as a chain and lacking the broader medical/surgical service mix.
• Associated Retinal Consultants: Multi-subspecialty ophthalmology practice with multiple Michigan locations offering retina, cataract, glaucoma, and oculoplastic services; directly comparable as a Michigan-based regional ophthalmology group with overlapping clinical capabilities and patient geography.
• Center for Sight: Multi-subspecialty ophthalmology practice offering cataract surgery, LASIK, oculoplastics, and dry eye treatment across multiple locations; comparable to Fraser Eye as a comprehensive eye care group with premium surgical positioning and ASC operations.

Broad incumbents

• Beaumont Eye Institute: Hospital-affiliated ophthalmology service within Corewell Health (formerly Beaumont) serving Metro Detroit with comprehensive eye care and surgical subspecialties; comparable as a broader incumbent provider of multi-subspecialty ophthalmology in the same regional market.
• Barnet Dulaney Perkins Eye Center: Multi-location ophthalmology group in Arizona offering LASIK, cataract surgery, retina, glaucoma, and oculoplastics; comparable as a regional multi-subspecialty eye care group with surgical centers, serving as a useful peer for unit economics and clinical mix.
• US Eye (now part of Retina Associates of America / Eyecare Partners): Multi-subspecialty ophthalmology platform with multiple clinic and ASC locations across the Southeast; comparable to Fraser Eye as a regional multi-location ophthalmology group offering LASIK, cataract, retina, and oculoplastics, though operating as a PE-backed consolidator rather than a single surgeon-owned practice.
• Henry Ford Ophthalmology: Academic-affiliated ophthalmology department within the Henry Ford Health system serving Metro Detroit with comprehensive eye care, surgical services, and subspecialty coverage; a local incumbent in the same Metro Detroit market that Fraser Eye competes with for tertiary ophthalmology cases.

Others

• Théia Aesthetics (Fraser Eye's med spa partner): Medical spa partner of Fraser Eye offering non-surgical cosmetic treatments (BOTOX, fillers, IPL); relevant adjacent business rather than direct competitor, included as an ecosystem participant demonstrating Fraser Eye's vertical extension into aesthetics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCdEdv5dC1W0Xfxqg2mKldgw
• Facebookfacebook.com/FraserEyeCareCenter
• LinkedInlinkedin.com/company/fraser-eye-care
• Instagraminstagram.com/frasereye
• Xx.com/frasereyecare

Revenue estimate

Valuation estimate

Number of profiles

Profiles19 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Fraser Eye