IECO INSTITUTO DE ENFERMEDADES Y CIRUGÍA OCULAR

What IECO INSTITUTO DE ENFERMEDADES Y CIRUGÍA OCULAR does

IECO Instituto de Enfermedades y Cirugía Ocular is a private, physician-owned ophthalmology clinic founded in 1997 and headquartered in Mérida, Yucatán, Mexico. It provides the full ophthalmology care pathway — consultations, diagnostic studies, surgical procedures, and medical treatments — supported by three operating rooms and a multi-subspecialty physician roster covering at least nine subspecialties including retina, glaucoma, pediatric ophthalmology, oculoplastics, and refractive surgery. The practice also operates an on-site optical shop and pharmacy, capturing downstream prescription and post-surgical eyewear revenue within the same facility.

The clinic serves individual patients across Yucatán, with a satellite location in Valladolid extending its geographic reach. The business operates on a fee-for-service model combining direct out-of-pocket payments and reimbursement from six major insurance carriers (Zurich, Mapfre, Multiva, Metlife, AXA, Inbursa). With ~15 employees (approximately 70% female), IECO functions as a small, established specialty practice rather than a scaled platform. There is no public indication of external funding, M&A activity, or material AI/ML integration; growth has been driven by service-line and geographic extension within a physician-led, self-funded operating model.

Technically, the practice relies on conventional ophthalmic surgical and diagnostic infrastructure (operating rooms equipped for procedures such as phacoemulsification and laser-based interventions) rather than proprietary platforms or software stacks. The principal differentiator versus general ophthalmology practices in the region is the depth of subspecialty coverage under one roof combined with the integrated optical and pharmacy retail layer.

Name

IECO INSTITUTO DE ENFERMEDADES Y CIRUGÍA OCULAR

Legal name

Instituto de Enfermedades y Cirugía Ocular

Website

https://ieco.com.mx

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

11–50 employees

Short description

IECO is a physician-owned ophthalmology clinic in Mérida, Yucatán, founded in 1997, offering consultations, diagnostics, surgery, optical shop, and pharmacy services to individual patients across the Yucatán region, with a satellite location in Valladolid.

Ownership category

akta.pro rank

Product category

Ophthalmology Services

NAICS

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

SIC

Services-Specialty Outpatient Facilities, Nec (8093), Ophthalmic Goods (3851)

akta.pro primary industry

Comprehensive Eye Exams & Vision Care (HLAKAKAA)

akta.pro secondary industries

Ophthalmology Surgery Centers (HLAFAIAF), Cornea, External Disease & Refractive Surgery (LASIK/PRK) (HLAKAKAF), Ocular Imaging & Diagnostic Testing Centers (HLAKAKAN)

Keywords

• Ophthalmology services
• Cataract surgery
• Refractive surgery
• Retinal surgery
• Diagnostic ophthalmology

Headquarters

HQ city

Mérida

HQ country

Mexico

HQ region

Latin America

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Medical Consultations: Outpatient ophthalmology consultations including complete eye examinations for diagnosis of eye conditions
2. Diagnostic Studies: Various diagnostic examinations including Mode A/B ultrasound, corneal topography, optical coherence tomography, IOL Master, campimetry, and specular microscopy
3. Surgical Procedures: Ophthalmic surgeries including cataract phacoemulsification, refractive surgery (LASIK), retinal surgery, corneal transplant, strabismus, blepharoplasty, pterygium removal
4. Optical and Pharmacy: Sale of eyeglass frames, single vision/bifocal/multifocal lenses, contact lenses, and specialized ophthalmology medications

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

IECO is a specialized ophthalmology clinic providing comprehensive eye care services including outpatient consultations, advanced diagnostic studies (OCT, corneal topography, campimetry, biometry), ophthalmic surgeries (phacoemulsification cataract surgery, LASIK refractive surgery, vitrectomy, corneal transplants, strabismus and blepharoplasty), laser treatments, and an on-site optical shop and specialty pharmacy. Services are delivered by a team of sub-specialized ophthalmologists across cornea, retina, glaucoma, cataracts, pediatric ophthalmology, and oculoplastics.

Product overview

IECO (Instituto de Enfermedades y Cirugía Ocular) is a specialized ophthalmology clinic offering comprehensive eye care services through a single unified platform approach. The core offerings include consultations (Consultas), diagnostic studies (Estudios), surgical procedures (Cirugías), and treatments (Tratamientos), supported by an optical shop and pharmacy (Óptica y Farmacia). The clinic specializes in treating conditions including cataracts, glaucoma, retina disorders, cornea issues, myopia/astigmatism/hyperopia, and strabismus. A dedicated Retina Clinic provides specialized care for retinal detachment. Surgical services encompass phacoemulsification for cataracts, LASIK refractive surgery, vitrectomy, corneal transplants, and laser procedures.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Phacoemulsification cataract surgery success rate of 99% or higher in trained hands
• +1 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered minor.

• Zurich InsuranceminorOthersInsurance partner accepting Zurich health plans for ophthalmological services and treatments
• MapfreminorOthersInsurance partner accepting Mapfre health plans for ophthalmological services and treatments
• MultivaminorOthersInsurance partner accepting Multiva health plans for ophthalmological services and treatments
• MetlifeminorOthersInsurance partner accepting Metlife health plans for ophthalmological services and treatments
• AXAminorOthersInsurance partner accepting AXA health plans for ophthalmological services and treatments
• InbursaminorOthersInsurance partner accepting Inbursa health plans for ophthalmological services and treatments

Scale indicators5 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Hospital de la Luz: Long-standing ophthalmology specialty hospital in Mexico City providing the full range of subspecialty eye care and surgery. Comparable as a Mexican eye-care institution with broad subspecialty depth, though larger and based in central Mexico rather than the southeast.
• IMO (Instituto de Microcirugía Ocular): Barcelona-based ophthalmology center offering subspecialty surgical and diagnostic eye care. Comparable as an integrated ophthalmology institute covering cornea, retina, glaucoma, cataract and refractive services, though primarily serving Spain.
• Aravind Eye Hospital: Large multi-site ophthalmology hospital network in India known for high-volume cataract and subspecialty eye surgery. Comparable as a multi-subspecialty, high-volume eye-care institution with strong surgical and optical offerings, though at vastly greater scale.
• Clínica Baviera: European ophthalmology clinic chain with operations across Spain, Italy, Germany and Latin America, focused on refractive surgery, cataract, and other ophthalmology subspecialties. Comparable as a multi-subspecialty eye-surgery brand with a similar service mix to IECO's surgical offering.

Emerging players

• Dr. Agarwal's Eye Hospital: Multi-country eye hospital chain across India and Africa with subspecialty ophthalmology services. Comparable as a multi-subspecialty eye-care provider operating in emerging markets with similar service mix, though at much larger scale.

Regional players

• Devlyn: Major Mexican optical retail chain selling frames, lenses, and contact lenses. Comparable to IECO's optical-shop and pharmacy retail component, though Devlyn is retail-only with no surgical or medical ophthalmology services.
• Óptica Lux: Mexican optical retailer offering prescription eyewear and contact lenses. Comparable to IECO's optical retail arm within its Yucatán catchment, though not a medical or surgical provider.

Direct peers

• CODET Vision Institute: Specialty ophthalmology clinic in Tijuana, Mexico offering cataract, LASIK, retina, and cornea surgery with a similar all-under-one-roof model. Directly comparable as a Mexican specialty eye-care clinic combining diagnostics, surgery, and optical retail.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/ieco-instituto-de-enfermedades-y-cirug%C3%ADa-ocular

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 IECO INSTITUTO DE ENFERMEDADES Y CIRUGÍA OCULAR