1.0
15 Jul 2018
Anonymous employee
Former employee
Recommend
CEO approval
Business outlook
Pros
The company is the largest LASIK provider in North America.
Cons
The VGH management team cannot effectively operate the company because it is owned by Audax. Audax's failing blueprint is to impose outrageous, unattainable financial mandates without any consideration for what is strategically and operationally feasible. After the unattainable financial targets are not met, in true private equity fashion, Audax then eliminates key members of the executive team. Within the past 60 days, Audax eliminated the CFO (with VGH one year) and forced the CEO to step down (with VGH 18 years). Of course this won't change anything; but rather, perpetuate a revolving door at all levels of management.