EyeCare Partners CEO Leaves After Company Burns Cash (Correct)

EyeCare Partners Chief Executive Officer David A. Clark has left the company, after the network of eye doctor practices posted quarterly results last week that showed it was still burning cash, according to people with knowledge of the situation.

Benjamin Breier, an executive at EyeCare’s private equity backer, Partners Group, will serve as interim CEO while the company searches for a permanent successor, according to a memo reviewed by Bloomberg. Clark had been CEO since April 2021, and joined the company in 2020.

EyeCare and Partners Group didn’t immediately respond to requests for comment.

The medical company has been ...