Andover Eye Associates

What Andover Eye Associates does

Andover Eye Associates is a privately held multi-specialty ophthalmology and optometry practice founded in 1976 by Dr. Mark B. Abelson and headquartered at a single site in Andover, Massachusetts, serving the Merrimack Valley community. The practice offers comprehensive eye care across the full ophthalmic spectrum: comprehensive exams, cataract surgery (including laser-assisted and premium IOL options), glaucoma management (Selective Laser Trabeculoplasty, MIGS, OCT monitoring), dry eye and ocular surface disease treatment (Lumenis OptiLight IPL), pediatric myopia management, neuro-ophthalmology, keratoconus care, oculoplastic surgery, and retinal disease management. Diagnostic and therapeutic equipment includes OCULUS Pentacam 3D corneal imaging, Zeiss IOLMaster optical biometry, Heidelberg OCT, and visual field testing.

The practice operates three revenue streams: (1) clinical services billed through major vision and medical insurance plans (EyeMed, VSP, Spectera, Blue Cross Blue Shield, Harvard Pilgrim, Tufts) on a fee-for-service basis with patient co-pays; (2) optical retail through an on-site licensed optician shop and an e-commerce storefront (shop.andovereye.org) carrying 40+ premium designer brands with virtual try-on and in-office pickup; and (3) clinical research participation, with the practice acting as a trial site for ophthalmic drug and device studies. The research program has contributed to approval of more than 85 ophthalmic products used worldwide, and the practice's physicians hold leadership roles in national ophthalmology including pioneering SLT laser therapy for glaucoma (Dr. Mark Latina).

Distribution is exclusively direct-to-consumer via the Andover, MA clinic and the e-commerce optical shop, supported by a website, blog, and social media presence. The practice is founder-owned, with no private equity, venture capital, or strategic acquirer documented, and leadership is currently held by President & CSO Dr. David H. Hollander and Medical Director Dr. Prachi Dua. Strategic affiliations with Massachusetts Eye and Ear Infirmary, Harvard Medical School, Tufts, and Boston University support recruitment and academic credibility.

Name

Andover Eye Associates

Legal name

Andover Eye Associates

Website

https://andover-eye.com

Company type

Private

Founded year

1976

Operating status

Operating

Headcount range

1–10 employees

Short description

Andover Eye Associates is a privately held multi-specialty eye care practice founded in 1976 in Andover, Massachusetts, serving the Merrimack Valley with comprehensive ophthalmology, surgical, dry eye, myopia management, and optical retail services, plus an integrated clinical research program.

Ownership category

akta.pro rank

Product category

Ophthalmology Services

NAICS

Offices of Physicians (62111), Offices of Optometrists (62132), Optical Goods Retailers (45613)

SIC

Services-Offices & Clinics Of Doctors Of Medicine (8011), Ophthalmic Goods (3851)

akta.pro primary industry

Comprehensive Eye Exams & Vision Care (HLAKAKAA)

akta.pro secondary industries

Cornea, External Disease & Refractive Surgery (LASIK/PRK) (HLAKAKAF), Optometry Clinics (Primary Eye Care) (HLAKAKAB), Contact Lens Specialty & Myopia Control (HLAKAKAK), Optical Dispensing & Eyewear Retail (Glasses/Frames/Lenses) (HLAKAKAL), Vision & Ophthalmic Diagnostic Centers (Optometry/OCT/Retinal Imaging) (HLAFAKAI)

Keywords

• Ophthalmology services
• Eye care practice
• Cataract surgery
• Glaucoma treatment
• Clinical research

Headquarters

HQ city

Andover

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Clinical Services: Revenue from comprehensive eye exams, diagnostic services, medical treatments, and surgical procedures including cataract surgery, glaucoma treatment, and laser vision correction. Operates as an insurance-participating provider.
2. Optical Shop (Frames and Lenses): Sale of prescription eyeglasses, sunglasses, and lenses through the on-site optical shop and e-commerce platform. Carries premium brands including Gucci, Ray-Ban, Versace, Oakley, and others.
3. Contact Lens Services: Sale and fitting of contact lenses including daily, bi-weekly, monthly disposables, multifocal, toric, and specialty lenses for keratoconus.
4. Clinical Research: Participation in clinical trials providing early access to promising new therapies; contributes to research advancement.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Andover Eye Associates is a multi-specialty ophthalmology and optometry practice that delivers comprehensive eye examinations, medical and surgical treatment of ocular disease, and vision-correction products from a single Andover, Massachusetts location. The practice spans routine vision care, cataract and oculoplastic surgery, glaucoma, retinal, neuro-ophthalmology, dry eye, myopia management, and keratoconus services, complemented by an in-house optical shop and a clinical research program offering patients access to investigational therapies.

Product overview

Andover Eye Associates is a multi-specialty eye care practice founded in 1976 offering comprehensive ophthalmology and optometry services. The practice operates an integrated clinical research facility alongside its patient care services. Core offerings include comprehensive eye exams, cataract surgery (with laser-assisted techniques and premium IOLs), dry eye treatment (including Lumenis OptiLight IPL therapy), myopia management, glaucoma treatment (including SLT laser and MIGS), neuro-ophthalmology, keratoconus care, oculoplastic surgery, and retinal disease treatment. The practice also operates an Optical Shop (available online at shop.andovereye.org) selling prescription eyewear, sunglasses, and contact lenses from designer brands, with virtual try-on capabilities. Advanced diagnostic equipment includes OCULUS Pentacam for corneal imaging and Zeiss IOLMaster for biometric measurements.

Differentiator

Problem solved

Functional benefit

Named customers1 record

Segments5 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

One partnership is on record.

• Massachusetts Eye and Ear InfirmarycoreStrategic or Co-development PartnerMultiple physicians maintain active affiliations with Massachusetts Eye and Ear Infirmary, including serving as instructors, senior surgeons, and participating in teaching staff. Dr. Peter Lou is senior surgeon, Dr. Townsend completed residency/fellowship and co-directed the Oculoplastics Service, and Dr. Michaelson practices there.

Scale indicators5 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Eye Centers of America: Multi-site ophthalmology and optometry platform in the Northeast. Provides comparable comprehensive eye care services under a similar physician-led model but at multi-county scale.
• LensCrafters: National optical retail chain offering eyewear, contact lenses, and on-site eye exams. Comparable optical retail and dispensing function to Andover Eye's on-site optical shop.
• OCLI Vision: Multi-site ophthalmology platform offering comprehensive eye care including cataract, glaucoma, dry eye, and optical services. Comparable in service mix to Andover Eye but at significantly greater scale and geographic footprint.
• Tufts Medical Center Ophthalmology: Academic ophthalmology department where multiple Andover Eye physicians hold faculty appointments. Direct peer in subspecialty clinical care and research participation in the Boston market.
• Massachusetts Eye and Ear Infirmary: Major Harvard-affiliated specialty hospital for ophthalmology and otolaryngology. Multiple Andover Eye physicians hold faculty and surgical roles there, making it a direct clinical and academic peer in the New England market.

Emerging players

• Warby Parker: Direct-to-consumer eyewear retailer with vertical integration. Comparable to Andover Eye's optical shop in product category (prescription eyewear) but competes via a fundamentally different, lower-cost business model.

Others

• Ora, Inc. World's leading independent ophthalmic research organization founded by Andover Eye's founder Dr. Mark Abelson. Comparable as a clinical research ecosystem partner and source of pipeline insights for the practice.

Regional players

• Eye Health Vision Centers: Multi-location ophthalmology and optometry practice in the Northeast. Comparable as a community-rooted multi-specialty eye care provider combining clinical services with optical retail.
• Dello Russo Laser Vision: Long-standing Northeastern U.S. eye care practice offering LASIK, cataract surgery, and comprehensive ophthalmology. Comparable physician-led specialty clinic model with similar high-acuity surgical services.
• Boston Laser Eye Institute: Greater Boston-area ophthalmology practice specializing in laser vision correction, cataract surgery, and comprehensive eye care. Directly comparable as a regional multi-specialty ophthalmology practice in the same New England market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/profile.php
• LinkedInlinkedin.com/company/andover-eye-associates
• Instagraminstagram.com/andovereyeoptical

Revenue estimate

Valuation estimate

Number of profiles

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 Andover Eye Associates