Precision Eye Group

What Precision Eye Group does

Precision Eye Group is a family-owned optometry practice operating four office locations in northeastern Pennsylvania (Carbondale, Dingmans Ferry, Honesdale, and Lake Ariel). The practice provides comprehensive optometric services including adult, senior, pediatric, and diabetic eye examinations; specialty contact lens fittings (scleral, prosthetic, hybrid, RGP); dry eye management using FDA-approved OptiLight IPL therapy and adjunctive modalities; myopia control for children; ocular disease diagnosis and management covering glaucoma, macular degeneration, diabetic retinopathy, and cataracts; emergency eye care; and laser vision correction consultations. The practice also sells prescription frames, lenses, and contact lenses through in-office optical retail with an in-house finishing lab at the flagship Honesdale location.

The underlying technology platform is multi-modality diagnostic instrumentation: Optos ultra-widefield retinal imaging, optical coherence tomography (OCT), visual field perimetry, electroretinography (ERG), fundus photography, corneal topography, Oculus Keratograph 5M, iCare tonometry, Tear Lab osmolarity testing, dark adaptometry, and digital refraction systems. Cloud-based electronic medical records (Eyefinity) are unified across all four sites, enabling seamless patient transfer. Revenue is generated through fee-for-service eye exams, insurance-reimbursed medical eye care, one-time optical and contact lens product sales, and recurring therapeutic treatment series (notably dry eye IPL). The customer base is entirely consumer/patient-facing, segmented across adults, seniors, children, and condition-specific cohorts (diabetic, dry eye, specialty contact lens wearers). The practice serves as a regional hub, accepting appointments via online booking and walk-ins at select locations, with marketing driven primarily by local community reputation and digital presence.

Name

Precision Eye Group

Legal name

Precision Eye Group

Website

https://peg2020.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

Precision Eye Group is a family-owned optometry practice operating four locations in northeastern Pennsylvania that delivers comprehensive eye exams, specialty treatments including dry eye IPL therapy, and eyewear products to adult, senior, pediatric, and chronic-condition patient segments.

Ownership category

akta.pro rank

Product category

Optometric Eye Care Services

NAICS

Offices of Optometrists (62132), Optical Goods Retailers (45613), Offices of Optometrists (621320)

SIC

Ophthalmic Goods (3851)

akta.pro primary industry

Optometry Clinics (Primary Eye Care) (HLAKAKAB)

akta.pro secondary industries

Comprehensive Eye Exams & Vision Care (HLAKAKAA), Ocular Imaging & Diagnostic Testing Centers (HLAKAKAN), Optical Dispensing & Eyewear Retail (Glasses/Frames/Lenses) (HLAKAKAL), Contact Lenses & Care Systems (Soft/RGP/Scleral Lenses; Cleaning/Disinfection Solutions) (HLAHAJAE), Optical Dispensing & Eyewear Devices (Frames, Lenses, Lens Edging/Finishing Equipment) (HLAHAJAD)

Keywords

• Optometric services
• Eye care examinations
• Dry eye treatment
• Specialty contact lenses
• Ocular disease management

Headquarters

HQ city

Honesdale

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Eye Exams and Consultations: Comprehensive eye examinations for adults, seniors, and children including ocular wellness screenings using advanced diagnostic imaging technology.
2. Medical Eye Care Services: Treatment and management of eye diseases including dry eye therapy, glaucoma care, diabetic eye exams, cataract management, macular degeneration monitoring, emergency eye care, and myopia control.
3. Optical Products (Frames and Lenses): Sale of prescription eyewear including frames from designer brands and specialty lenses including progressive lenses, Transitions, and Trivex lenses. Each location features an optical with the latest styles.
4. Contact Lens Products: Sale of contact lenses including daily disposables, specialty lenses, and medical/scleral lenses. Online ordering available through practice website.
5. Dry Eye Treatment Therapy: Therapeutic treatments including IPL therapy (OptiLight), BlephEx, TearCare, punctal plugs, medicated eye drops, and other dry eye solutions.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

Precision Eye Group is a family-owned optometric practice providing comprehensive eye care services across four locations in northeastern Pennsylvania. The practice delivers routine and specialty eye examinations, diagnosis and management of ocular diseases (dry eye, glaucoma, macular degeneration, diabetic retinopathy), specialty contact lens fittings, advanced dry eye therapies including FDA-approved IPL, myopia control for children, emergency eye care, and prescription eyewear/contact lens products with in-house lens finishing.

Product overview

Precision Eye Group is a family-owned eye care practice operating across four locations in Pennsylvania (Carbondale, Dingmans Ferry, Honesdale, and Lake Ariel) offering a comprehensive range of eye care services. The practice provides core eye exam services (Adult & Senior Eye Exams, Children's Eye Exams, Diabetic Eye Exams), specialty services (Dry Eye Treatment with OptiLight IPL therapy, Specialty & Medical Contact Lenses including scleral and prosthetic lenses, Myopia Control, Eye Disease Diagnosis & Management), eyewear products (Frames & Lenses, Sunglasses), and consultation services (Emergency Eye Care, Laser Eye Surgery Consultation). The practice leverages advanced diagnostic technology including OCT, visual field testing, fundus photography, corneal topography, and ocular wellness screening to deliver technology-driven eye care. The Honesdale flagship location features a state-of-the-art 5,000+ square foot facility with in-house finishing lab, while all locations utilize cloud-based electronic medical records for seamless patient transfers.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• OptiLight IPL therapy backed by more than 58 clinical studies for dry eye management
• +1 more outcomes

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature14 records

Scale indicators3 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• EyeCare Partners: PE-backed optometry and ophthalmology platform operating hundreds of clinics across the U.S. Highly comparable as a multi-location optometry group practice model that has scaled via acquiring independent practices and adding specialty services — the same growth playbook PEG is executing in northeastern PA.
• MyEyeDr. Multi-state optometry group practice with hundreds of locations offering comprehensive eye exams, eyewear, and contact lenses. Direct competitor in the multi-location optometry practice model, with comparable services including specialty contact lens fittings and disease management.
• AEG Vision: Private equity-backed optical and optometry practice consolidator operating across multiple U.S. states. Comparable as a roll-up of independent optometry practices that preserves local brand identity while adding specialty services, technology, and back-office infrastructure.
• Clarkson Eyecare: Regional optometry group practice with multiple locations offering comprehensive eye exams, medical eye care, and eyewear. Comparable in offering integrated optometry plus optical retail across multiple sites in a defined geographic region.
• Nationwide Vision: Multi-location optometry practice group primarily serving Arizona and surrounding states. Comparable as a regional optometry platform offering comprehensive exams, medical eye care, and eyewear across multiple clinic locations.

Broad incumbents

• Warby Parker: Direct-to-consumer eyewear brand that has expanded into brick-and-mortar retail with eye exam services. Overlaps with PEG on eyewear retail and eye exam services, though Warby Parker's core model is DTC and vertically integrated rather than independent practice-based.
• LensCrafters: National optical retail chain owned by EssilorLuxottica offering eye exams, prescription eyewear, and contact lenses across hundreds of U.S. locations. Comparable in offering one-stop eye exam and eyewear services, though operates at much larger scale with standardized retail format.
• Pearle Vision: National optical chain offering eye exams, frames, and lenses across franchise and corporate locations. Comparable business model combining optometric services with eyewear retail at multi-site locations.
• Visionworks: National optical retailer offering eye exams, prescription eyewear, and contact lenses across hundreds of U.S. stores. Comparable service mix including insurance-accepting eye exams and in-store optical dispensing.

Regional players

• Medical Eye Center: Independent multi-doctor optometry/ophthalmology practice serving southern Oregon. Comparable as a multi-location, technology-forward regional eye care practice combining medical eye care, specialty services, and optical retail.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Instagraminstagram.com/precisioneyegroup
• Facebookfacebook.com/PrecisionEyeGroupPA
• Pinterestpinterest.com/precisioneyegroup
• Xtwitter.com/precisioneyegr
• LinkedInlinkedin.com/company/precision-eye-group
• YouTubeyoutube.com/channel/UCexample

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 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 Precision Eye Group