Cape Fear Eye Associates

What Cape Fear Eye Associates does

Cape Fear Eye Associates is a private multi-specialty ophthalmology practice headquartered in Fayetteville, North Carolina, operating two clinical locations since its founding in approximately 1989. The practice serves patients across the Fayetteville region and surrounding counties, with a clinical team of 7 providers comprising ophthalmologists (MDs), optometrists (OD), and a physician assistant (PAC), supported by 101-250 total employees. It delivers comprehensive eye care spanning routine examinations, medical management of chronic eye conditions (glaucoma, diabetic retinopathy, macular degeneration, dry eye, keratoconus), and a full surgical suite including cataract surgery with premium intraocular lens options, LASIK and PRK refractive surgery, corneal transplants (DSAEK, CTAK, penetrating keratoplasty), oculoplastic procedures (blepharoplasty, ptosis repair), and intravitreal injections.

The practice operates an office-based ambulatory surgery center and has invested in advanced ophthalmic technology including the Alcon WaveLight EX500 excimer laser with CONTOURA Vision, the Lumenis M22 intense pulsed light system, LipiFlow Vector Thermal Pulsation, ResurFX and MultiFrax fractional lasers, BlephEx, and Zeiss surgical microscopes. It also operates a medical aesthetics sub-brand called Eye Luxe Aesthetics, offering laser skin resurfacing, IPL for rosacea, and BOTOX. The practice maintains active staff privileges at Cape Fear Valley Medical Center, Highsmith Rainey Hospital, and Fayetteville Ambulatory Surgery Center, enabling a multi-channel care delivery model.

Cape Fear Eye Associates generates revenue through three primary streams: insurance-reimbursed medical and surgical eye care (cataract surgery with monofocal IOLs, glaucoma management, disease treatment), out-of-pocket elective vision correction procedures (LASIK, premium IOLs, EVO ICL, refractive lens exchange), and self-pay aesthetic services. Patient acquisition relies on referrals from primary care physicians and existing patients, search engine optimization, an active social media presence, and online scheduling. Financing for elective procedures is facilitated through CareCredit. The practice has grown over 35+ years through successive provider recruitment of fellowship-trained specialists from Duke Eye Center and Johns Hopkins/Wilmer Eye Institute, expanding subspecialty depth in cornea, refractive surgery, and medical/surgical retina.

Name

Cape Fear Eye Associates

Legal name

Cape Fear Eye Associates, PA

Website

https://capefeareye.com

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

101–250 employees

Short description

Cape Fear Eye Associates is a private multi-specialty ophthalmology practice in Fayetteville, NC, operating two locations with 7 providers and an in-office surgery center. It serves regional patients with comprehensive eye care, cataract and LASIK surgery, corneal procedures, and an aesthetics sub-brand.

Ownership category

akta.pro rank

Product category

Ophthalmology Services

NAICS

Offices of Physicians (except Mental Health Specialists) (621111), Offices of Physicians (62111)

SIC

Services-Offices & Clinics Of Doctors Of Medicine (8011)

akta.pro primary industry

Ophthalmology Clinics (Medical & Surgical Eye Care) (HLAKAKAC)

akta.pro secondary industries

Cornea, External Disease & Refractive Surgery (LASIK/PRK) (HLAKAKAF), Ambulatory Surgery Centers (Ophthalmic/Outpatient Eye Surgery) (HLAKAKAO), Oculoplastics & Orbital Surgery (HLAKAKAI), Optometry Clinics (Primary Eye Care) (HLAKAKAB)

Keywords

• Ophthalmology services
• Cataract surgery
• LASIK surgery
• Glaucoma treatment
• Comprehensive eye care

Headquarters

HQ city

Fayetteville

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Medical and Surgical Eye Care Services: Revenue generated from comprehensive eye exams, diagnostic services, medical treatments for eye conditions (glaucoma, dry eye, diabetic retinopathy, macular degeneration), and surgical procedures (cataract surgery, LASIK, corneal transplants). Services covered by insurance where applicable.
2. Elective Vision Correction Procedures: Revenue from elective procedures including LASIK, premium IOL implants, EVO ICL, and refractive lens exchange. These are typically out-of-pocket or financed through CareCredit.
3. Aesthetic Services: Revenue from cosmetic procedures including blepharoplasty, laser skin resurfacing (MultiFrax, ResurFX), IPL for rosacea, and BOTOX injections.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Cape Fear Eye Associates is a multi-specialty ophthalmology practice that diagnoses and surgically treats eye diseases (cataracts, glaucoma, corneal disorders, macular degeneration, dry eye) and delivers elective vision-correction procedures (LASIK/PRK, EVO ICL, refractive lens exchange, premium IOL cataract surgery). It also runs an Eye Luxe Aesthetics division providing blepharoplasty, BOTOX, and laser skin resurfacing (ResurFX, MultiFrax, IPL). Services are delivered through two Fayetteville, NC clinics and an in-office ambulatory surgery center staffed by 7 providers (ophthalmologists, optometrists, and a physician assistant).

Product overview

Cape Fear Eye Associates is a comprehensive ophthalmology and multi-specialty surgical eye care practice serving Fayetteville, NC for over 35 years. The practice operates as a unified platform offering both medical and surgical eye care services. The core offerings center around surgical procedures including cataract surgery (with basic and advanced IOL options), laser vision correction (LASIK/PRK using WaveLight technology), corneal procedures (cross-linking, transplants, CTAK, Intacs), glaucoma management, and oculoplastic surgeries (blepharoplasty, BOTOX). The practice also includes Eye Luxe Aesthetics, a sub-brand providing aesthetic treatments including laser skin resurfacing (ResurFX, MultiFrax), IPL for rosacea, and cosmetic procedures. Dry eye treatment represents a significant add-on service line featuring LipiFlow, IPL therapy, and BlephEx. The practice maintains an office-based surgery center for procedures, with providers offering subspecialties in cornea, retina, glaucoma, and LASIK/PRK.

Differentiator

Problem solved

Functional benefit

Brands

• Eye Luxe Aesthetics: Aesthetic services division offering laser skin treatments, rosacea treatment, dry eye treatment (IPL), blepharoplasty, and BOTOX injections.

Products and services

• Cataract Surgery Surgical removal of the clouded natural lens and replacement with an intraocular lens (IOL), including standard monofocal lenses covered by insurance and premium IOL options (toric, multifocal) for patients willing to pay out-of-pocket. Intended for adults with cataracts impairing vision; reported outcome is that 9 out of 10 patients achieve 20/20 to 20/40 vision post-surgery.
• LASIK Surgery (Custom LASIK with WaveLight EX500, VISX, and CONTOURA Vision) Elective laser vision correction using WaveLight EX500 and VISX laser systems with CONTOURA Vision for personalized corneal reshaping, combined with IntraLase femtosecond technology for flap creation. Intended for adults seeking to reduce dependence on glasses or contact lenses; financing is available through CareCredit and a $100 consultation fee applies.
• Glaucoma Treatment Medical and surgical management of glaucoma, including prescription medications, laser procedures, and surgical interventions aimed at reducing intraocular pressure to prevent vision loss. Intended for patients diagnosed with glaucoma or ocular hypertension.
• Corneal Transplant (DSAEK and Penetrating Keratoplasty) Keratoplasty procedures for severe corneal disease, including full-thickness penetrating keratoplasty and partial-thickness DSAEK (Descemet's Stripping Automated Endothelial Keratoplasty), a next-generation, cornea-sparing transplant that can preserve up to 95% of the patient's cornea with no stitches and faster recovery. Intended for patients with corneal endothelial failure or scarring.
• Light Adjustable Lens Cataract Surgery Cataract surgery implanting the first and only UV-adjustable intraocular lens, allowing the surgeon to fine-tune the patient's vision post-operatively using customized light treatments. Intended for cataract patients seeking the most precise refractive outcome and willing to pay out-of-pocket for the premium lens.
• Refractive Lens Exchange Surgical replacement of the eye's natural lens with a premium intraocular lens to correct refractive errors in patients who are not suitable candidates for LASIK. Intended for adults with presbyopia or high refractive errors seeking spectacle independence as an elective, out-of-pocket procedure.
• EVO ICL (Implantable Collamer Lens) Implantation of a biocompatible Collamer lens between the iris and the natural lens to correct nearsightedness and astigmatism without removing corneal tissue. Intended for elective vision-correction patients with myopia who are not ideal LASIK candidates.
• Keratoconus Treatment (Corneal Cross-Linking, Intacs, CTAK) A combined offering of FDA-approved therapies for keratoconus: corneal cross-linking (riboflavin + UVA) to halt disease progression, Intacs corneal implants to reshape and stabilize the cornea, and CTAK (Corneal Tissue Addition Keratoplasty) using a femtosecond-laser-created channel and a customized corneal tissue inlay to flatten the cornea. Intended for patients with progressive keratoconus.
• Blepharoplasty and Eyelid Ptosis Repair Eyelid lift surgery removing excess skin, fat, and muscle from the upper and lower eyelids, plus surgical correction of droopy eyelids (ptosis repair) to restore vision and improve appearance. Intended for patients with dermatochalasis or ptosis affecting vision or appearance; offered within the Eye Luxe Aesthetics division.
• BOTOX Injections Neurotoxin injections for cosmetic wrinkle reduction and therapeutic treatment of blepharospasm and strabismus. Intended for adult patients seeking facial aesthetic improvement or therapeutic management of eyelid/ocular muscle conditions.
• LipiFlow Dry Eye Treatment FDA-approved 12-minute in-office procedure using Vector Thermal Pulsation to apply precise heat and gentle massage to the eyelids to clear Meibomian gland blockages; 79% of treated patients reported improved overall dry eye symptoms within four weeks. Intended for patients with Meibomian Gland Dysfunction/evaporative dry eye.
• M22 IPL Dry Eye Treatment Intense Pulsed Light therapy using the Lumenis M22 with OPT technology, customized to the patient's skin type and condition severity, to improve Meibomian gland function, reduce inflammation, and provide long-term dry eye relief. Intended for patients with dry eye disease and/or ocular rosacea.
• BlephEx Eyelid Cleaning In-office medical-grade micro-sponge procedure to remove scurf, bacterial debris, and biofilm from the eyelid margin for blepharitis prevention and dry eye management. A private-pay procedure not covered by insurance. Intended for patients with blepharitis or chronic eyelid inflammation.
• Comprehensive Eye Exams Routine eye examinations including visual acuity, color blindness, depth perception, eye movement, and dilated eye evaluations, plus prescriptions for glasses and contact lenses. Intended for patients of all ages seeking primary eye care, prescriptions, and ocular disease screening.
• Intravitreal Injections and Photodynamic Therapy for Macular Degeneration Intravitreal injections to inhibit abnormal blood vessel growth for wet macular degeneration and diabetic macular edema, plus photodynamic light-activated drug therapy to destroy abnormal blood vessels. Intended for patients with wet (neovascular) age-related macular degeneration or diabetic macular edema.
• Office-Based Surgery Center In-office ambulatory surgical facility at the 1629 Owen Drive location with preoperative rooms, OR rooms, and postoperative suites equipped with advanced technology (Zeiss ophthalmic microscopes) for performing ophthalmic surgeries under the highest safety standards. Used to deliver cataract, refractive, corneal, glaucoma, and oculoplastic procedures.
• Eye Luxe Aesthetics (Laser Skin Resurfacing, MultiFrax, ResurFX, IPL for Rosacea) Medical aesthetics sub-brand offering cosmetic laser treatments including ResurFX fractional non-ablative skin rejuvenation, MultiFrax dual-wavelength treatment for wrinkles/acne scars/hyperpigmentation, M22 IPL for rosacea redness and visible vessels, and blepharoplasty plus BOTOX injections. Intended for adult patients seeking cosmetic skin and periorbital rejuvenation.

Quantifiable outcome

• Nine out of ten cataract patients achieve 20/20 to 20/40 vision following surgery.
• +3 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• Cape Fear Valley Medical CentercoreStrategic or Co-development PartnerMajor regional medical center in Fayetteville, NC where Cape Fear Eye Associates maintains active staff privileges for patient care that cannot be handled in the office-based surgery center.
• Highsmith Rainey HospitalcoreStrategic or Co-development PartnerRegional hospital in Fayetteville where Cape Fear Eye Associates maintains active staff privileges.
• Fayetteville Ambulatory Surgery CentercoreStrategic or Co-development PartnerAmbulatory surgery center where Dr. Riggins serves on the Medical Executive Committee and where some surgical procedures are performed.
• Campbell University School of Osteopathic MedicineminorStrategic or Co-development PartnerDr. Sheel Patel serves as an assistant professor, providing academic affiliation and training opportunities.
• Drexel University College of MedicineminorStrategic or Co-development PartnerDr. Sheel Patel serves as an assistant professor, providing academic affiliation and training opportunities.
• LipiFlow (TearScience/Johnson & Johnson)coreTechnology or IntegrationProvider of LipiFlow Vector Thermal Pulsation system and LipiScan imaging device for diagnosis and treatment of Meibomian Gland Dysfunction and dry eye.
• LumeniscoreTechnology or IntegrationProvider of M22 IPL (Intense Pulsed Light) system with OPT for dry eye treatment and rosacea treatment.
• Alcon (WaveLight)coreTechnology or IntegrationProvider of WaveLight EX500 excimer laser and LASIK technology including CONTOURA Vision for refractive surgery.
• CareCreditcoreChannel Partner/ Reseller/ DistributorHealthcare financing partner providing payment plan options for patients undergoing elective procedures not covered by insurance.
• Medical Media Strategies, LLCminorOthersWebsite development and digital marketing partner that created the practice's website.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• TLC Laser Eye Centers: National branded LASIK chain with multiple centers. Comparable on the refractive surgery service line but narrower in scope (LASIK/PRK only) and broader in geographic footprint than Cape Fear.
• Duke Eye Center: Academic ophthalmology department at Duke University Hospital offering the full range of subspecialty eye care plus research and residency training. Functions as a referral destination and competitive presence in the broader NC market.
• UNC Kittner Eye Center: University of North Carolina academic ophthalmology practice in Chapel Hill providing full-service medical and surgical eye care plus residency training. A referral competitor for complex cases in the NC Triangle region.

Direct peers

• Woolfson Eye Institute: Atlanta-area multi-specialty ophthalmology practice offering LASIK, cataract surgery, cornea, and oculoplastics with an in-office surgery center. Closely comparable to Cape Fear in service mix, surgeon-employment model, and emphasis on premium refractive technology.
• Mann Eye Institute: Texas-based multi-specialty eye care practice with multiple locations, LASIK and premium cataract offerings, dry-eye center, and aesthetics. Directly comparable in clinical scope, technology stack, and elective/medical revenue mix.
• SightMD: Multi-location ophthalmology and optometry practice in the Northeast offering cataract, LASIK, cornea, glaucoma, and aesthetics. Comparable multi-specialty model with significant elective premium-IOL and refractive mix.
• Shepherd Eye Center: Las Vegas-based multi-specialty eye practice offering LASIK, cataract surgery with premium IOLs, cornea, and dry-eye treatments. Comparable independent model with comparable technology stack including femtosecond lasers.
• Berkeley Eye Center: Houston-area multi-specialty ophthalmology and optometry practice with multiple locations, LASIK, cataract, and optical retail. Comparable independent ownership structure and breadth of services.
• Katzen Eye Group: Mid-Atlantic multi-specialty ophthalmology practice with LASIK, cataract, glaucoma, retina, and oculoplastic services. Similar in combining medical and surgical ophthalmology under a single physician-owned brand.

Regional players

• Carolina Eye Center, PA: Independent ophthalmology practice owned by Dr. Walt Bogart, who also practices at Cape Fear Eye Associates. Overlaps significantly in clinical scope (cataract, LASIK, glaucoma, retina) within the same regional market — a direct adjacency rather than head-to-head competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@CapeFearEyeAssoc1
• Facebookfacebook.com/CapeFearEye
• Instagraminstagram.com/capefeareye
• Xx.com/capefeareyenc
• LinkedInlinkedin.com/company/cape-fear-eye-associates-pa

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 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 Cape Fear Eye Associates