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VM - PRIVATE EQUITY
FFL Partners and CDPQ Complete Planned Acquisition of New Look Vision By Staff Thursday, May 27, 2021 10:06 AM MONTREAL—New Look Vision Group Inc. (TSX: BCI.TO) today announced the completion of the transaction under which FFL Partners, a San Francisco-based private equity firm, Caisse de dépôt et placement du Québec (CDPQ), a global investment group, and the Dr. H. VM - RX OPTICAL WILL PARTNER WITH MYEYEDR. VIENNA, Va.–Rx Optical, with 54 locations across Michigan and Indiana, announced today that it is partnering with the MyEyeDr. family of practices. The deal will bring the total MyEyeDr. office count to 731 over 26 states and the District of Columbia. Details of the transaction were not disclosed. The partnership further solidifies the presence of MyEyeDr. in the Midwest. VM - NEW PARTNERSHIP WITH BLEPHEX EXPANDS ALCON’S IN FORT WORTH, Texas—Alcon on Friday announced an agreement that provides the company exclusive rights to sell the BlephEx technology and accompanying products in the U.S. The agreement was effective May 1. The partnership with BlephEx LLC, a pioneer in bacterial biofilm theory, demonstrates Alcon’s “ongoing commitment to bringing forth transformative innovations for eyecare VM - CLEAR SIGHT PARTNERS LLC FORMED BY S.F. INVESTMENT SAN FRANCISCO, Calif.—Spanos Barber Jesse & Co. (SBJ), a San Francisco-based investment firm, announced that it has completed a partnership with five Florida vision practices and a group of nine retail stores to form Clear Sight Partners, LLC (CSP).The move marks the firm’s entry into the optical industry. Collectively, CSP is one of the largest vertically integrated vision care providers VM - SATISLOH DEBUTS ENHANCED WECO VERIFIER GERMANTOWN, Wis.--. At the recent International Vision Expo East, Satisloh debuted the Verifier SL-60, a re-engineered power verification and finish blocker based on Weco’s Verifier Pro. The Verifier SL-60 marks the beginning of a new high performance line of finishing equipment distributed exclusively by Satisloh under its newagreement with
VM - ESSILOR DEBUTS CRIZAL ROCK, THE MOST SCRATCH Product: Crizal Rock Top Line: Essilor is introducing Crizal Rock, which the company calls “The most scratch-resistant Crizal No-Glare lenses ever made.” Close Up: Crizal Rock lenses are three times more scratch-resistant than entry-level Crizal products and two times easier to clean than its main competitors after extensive smudging, according to Essilor. VM - ESSILORLUXOTTICA TO ACQUIRE WALMAN, THE LARGEST CHARENTON-LE-PONT, France, and MINNEAPOLIS, Minn.—EssilorLuxottica has entered into an agreement to acquire Walman, the largest independent optical laboratory group in the U.S. The terms of the agreement were not disclosed. Walman, which is employee-owned and operated, has long been a top wholesale distributor of Essilor lenses in the U.S. It has been a leading partner to vision care VM | VISIONMONDAY.COMLATEST NEWSBUSINESSEYECARETECHNOLOGYSTYLEPEOPLE Vision Monday is the ophthalmic industry's leading source of news and news analysis. Established in 1987, VisionMonday provides valuable insights into how successful retailers and practitioners build their businesses and stay profitable. VM - LATEST NEWS - VISION MONDAYSERVICES HELD FOR LONGTIME LOW VISION INDUSTRY EXECUTIVE, RONALD DE LONGSCENE + HEARD Vision Expo East 2021 Concludes Show in Orlando, Brings Together Members for Education and Exhibition By Staff Tuesday, June 8, 2021 12:30 AM ALEXANDRIA, Va.—Vision Expo East 2021 concluded on Saturday, June 5. The four-day event, which took place for the first time in Orlando, Florida, from June 2-5 at the Orange County Convention Center, marked the first large-scale, in-person trade VM - TOP 50 RETAILERS - VISION MONDAY VM's Top 50 Sales Concentration Grows By Marge Axelrad and Mark Tosh Monday, May 18, 2020 12:28 AM NEW YORK—Comparable to prior VM Top 50 reports, there was a concentration of sales among the 2020 VM Top 50 U.S. Optical Retailers, accounting for an estimated $15.7 billion of a $37.5 billion total U.S. market for the 12 months ending Dec. 2019. The Top 10 optical retailers collectivelyVM - PRIVATE EQUITY
FFL Partners and CDPQ Complete Planned Acquisition of New Look Vision By Staff Thursday, May 27, 2021 10:06 AM MONTREAL—New Look Vision Group Inc. (TSX: BCI.TO) today announced the completion of the transaction under which FFL Partners, a San Francisco-based private equity firm, Caisse de dépôt et placement du Québec (CDPQ), a global investment group, and the Dr. H. VM - RX OPTICAL WILL PARTNER WITH MYEYEDR. VIENNA, Va.–Rx Optical, with 54 locations across Michigan and Indiana, announced today that it is partnering with the MyEyeDr. family of practices. The deal will bring the total MyEyeDr. office count to 731 over 26 states and the District of Columbia. Details of the transaction were not disclosed. The partnership further solidifies the presence of MyEyeDr. in the Midwest. VM - NEW PARTNERSHIP WITH BLEPHEX EXPANDS ALCON’S IN FORT WORTH, Texas—Alcon on Friday announced an agreement that provides the company exclusive rights to sell the BlephEx technology and accompanying products in the U.S. The agreement was effective May 1. The partnership with BlephEx LLC, a pioneer in bacterial biofilm theory, demonstrates Alcon’s “ongoing commitment to bringing forth transformative innovations for eyecare VM - CLEAR SIGHT PARTNERS LLC FORMED BY S.F. INVESTMENT SAN FRANCISCO, Calif.—Spanos Barber Jesse & Co. (SBJ), a San Francisco-based investment firm, announced that it has completed a partnership with five Florida vision practices and a group of nine retail stores to form Clear Sight Partners, LLC (CSP).The move marks the firm’s entry into the optical industry. Collectively, CSP is one of the largest vertically integrated vision care providers VM - SATISLOH DEBUTS ENHANCED WECO VERIFIER GERMANTOWN, Wis.--. At the recent International Vision Expo East, Satisloh debuted the Verifier SL-60, a re-engineered power verification and finish blocker based on Weco’s Verifier Pro. The Verifier SL-60 marks the beginning of a new high performance line of finishing equipment distributed exclusively by Satisloh under its newagreement with
VM - ESSILOR DEBUTS CRIZAL ROCK, THE MOST SCRATCH Product: Crizal Rock Top Line: Essilor is introducing Crizal Rock, which the company calls “The most scratch-resistant Crizal No-Glare lenses ever made.” Close Up: Crizal Rock lenses are three times more scratch-resistant than entry-level Crizal products and two times easier to clean than its main competitors after extensive smudging, according to Essilor. VM - ESSILORLUXOTTICA TO ACQUIRE WALMAN, THE LARGEST CHARENTON-LE-PONT, France, and MINNEAPOLIS, Minn.—EssilorLuxottica has entered into an agreement to acquire Walman, the largest independent optical laboratory group in the U.S. The terms of the agreement were not disclosed. Walman, which is employee-owned and operated, has long been a top wholesale distributor of Essilor lenses in the U.S. It has been a leading partner to vision care VM - LATEST NEWS - VISION MONDAY Vision Expo East 2021 Concludes Show in Orlando, Brings Together Members for Education and Exhibition By Staff Tuesday, June 8, 2021 12:30 AM ALEXANDRIA, Va.—Vision Expo East 2021 concluded on Saturday, June 5. The four-day event, which took place for the first time in Orlando, Florida, from June 2-5 at the Orange County Convention Center, marked the first large-scale, in-person trade VM - VM'S CONVERSATION WITH HEA’S JUSTIN MANNING, OD NEW YORK—Eyecare professionals have shown both their resilience and their willingness to adapt over the past year as the coronavirus pandemic has forced practice closings, upended in-office procedures and put more emphasis on digital offerings and meeting new patient expectations. But through it all, many ECPs have managed to continue growing their practices and making the changes VM - BHVI LAUNCHES MYOPIA AWARENESS WEEK 2021 FOR MAY 24-28 SYDNEY, Australia—BHVI has announced the relaunch of Myopia Awareness Week, a global initiative to bring attention to the growing epidemic of myopia in children across the world. Myopia Awareness Week 2021 will run from May 24 to 28. BHVI will be providing a range of educational resources for practitioners, parents and advocates of myopia awareness, as well as content for social VM - MATCH EYEWEAR INTROS NEW KATA COLLECTION Friday, June 11, 2021. Home (current); VM Magazine. Cover Topics; Editorial Staff; Subscribe Now; Issue Archives VM - METLIFE ANNOUNCES COMPLETION OF ACQUISITION OF Wednesday, January 13, 2021 12:27 AM. NEW YORK— MetLife (NYSE: MET) said this week that its previously announced acquisition of managed vision care company Versant Health has been completed. The company noted that Versant Health is “a well-respected leader in vision care and owner of Davis Vision and Superior Vision Services.”. VM - MITA LAUNCHES GABLES FOR WORLD OCEAN DAY Friday, June 11, 2021. Home (current); VM Magazine. Cover Topics; Editorial Staff; Subscribe Now; Issue Archives VM - U.S. OPTICAL SALES DECLINE FOR WEEK OF MAY 24-30 AS NEW YORK—Even though national optical sales declined last week (May 24-30), overall gross revenue generated during Week 22 of this year still remained substantially higher than during the comparable weeks of both 2019 and 2020, according to data from Jobson’s latest Practice Performance Tracker. This is primarily due to Week 22 of 2020 being in the midst of the pandemic and because VM - FIRST GLOBAL RESEARCH PROGRAM DEVOTED TO VISION AND LONDON—The Wellcome Trust and the Chen Yet-Sen Family Foundation announced a £3.5 million contribution to support the launch of a five-year research project that will explore vision care as a driver of development across the life course. The project, known as ENGINE, comprises a four-country suite of trials examining the impact of glasses on promoting better living from childhood through to LAUNCHING AND MANAGING YOUR BUSINESS WITH THE BALANCE NEW YORK—When you don’t know where to start, there’s usually no better place to begin than the library. For small business owners—new, old, or aspiring—The Balance Small Business is an online library dedicated to your needs, featuring more than 7,000 pieces of content collected over 20 years to help entrepreneurs launch and balance their own business. VM - NATIONAL SURVEY FROM VSP VISION CARE FINDS OUR EYES RANCHO CORDOVA, Calif.—Eighty percent of Americans say pandemic-prompted screen time put their eyes in VM | VISIONMONDAY.COMLATEST NEWSBUSINESSEYECARETECHNOLOGYSTYLEPEOPLE Vision Monday is the ophthalmic industry's leading source of news and news analysis. Established in 1987, VisionMonday provides valuable insights into how successful retailers and practitioners build their businesses and stay profitable.VM - PRIVATE EQUITY
FFL Partners and CDPQ Complete Planned Acquisition of New Look Vision By Staff Thursday, May 27, 2021 10:06 AM MONTREAL—New Look Vision Group Inc. (TSX: BCI.TO) today announced the completion of the transaction under which FFL Partners, a San Francisco-based private equity firm, Caisse de dépôt et placement du Québec (CDPQ), a global investment group, and the Dr. H. VM - RX OPTICAL WILL PARTNER WITH MYEYEDR. VIENNA, Va.–Rx Optical, with 54 locations across Michigan and Indiana, announced today that it is partnering with the MyEyeDr. family of practices. The deal will bring the total MyEyeDr. office count to 731 over 26 states and the District of Columbia. Details of the transaction were not disclosed. The partnership further solidifies the presence of MyEyeDr. in the Midwest. VM - NEW PARTNERSHIP WITH BLEPHEX EXPANDS ALCON’S IN FORT WORTH, Texas—Alcon on Friday announced an agreement that provides the company exclusive rights to sell the BlephEx technology and accompanying products in the U.S. The agreement was effective May 1. The partnership with BlephEx LLC, a pioneer in bacterial biofilm theory, demonstrates Alcon’s “ongoing commitment to bringing forth transformative innovations for eyecare VM - CLEAR SIGHT PARTNERS LLC FORMED BY S.F. INVESTMENT SAN FRANCISCO, Calif.—Spanos Barber Jesse & Co. (SBJ), a San Francisco-based investment firm, announced that it has completed a partnership with five Florida vision practices and a group of nine retail stores to form Clear Sight Partners, LLC (CSP).The move marks the firm’s entry into the optical industry. Collectively, CSP is one of the largest vertically integrated vision care providers LUMENIS LAUNCHES OPTILIGHT, A NOVEL SOLUTION FOR DRY EYES Product: OptiLight Top Line: Following the FDA’s recent De Novo authorization (www.fda.gov) for Lumenis’ OptiLight (www.Lumenis.com\OptiLight), an IPL device which is designed for improving signs of dry eye disease due to meibomian gland dysfunction, the company is releasing the device commercially. Close Up: OptiLight, with Lumenis’ patented OPT technology, is designed for a VM - SATISLOH DEBUTS ENHANCED WECO VERIFIER GERMANTOWN, Wis.--. At the recent International Vision Expo East, Satisloh debuted the Verifier SL-60, a re-engineered power verification and finish blocker based on Weco’s Verifier Pro. The Verifier SL-60 marks the beginning of a new high performance line of finishing equipment distributed exclusively by Satisloh under its newagreement with
VM - ESSILORLUXOTTICA TO ACQUIRE WALMAN, THE LARGEST CHARENTON-LE-PONT, France, and MINNEAPOLIS, Minn.—EssilorLuxottica has entered into an agreement to acquire Walman, the largest independent optical laboratory group in the U.S. The terms of the agreement were not disclosed. Walman, which is employee-owned and operated, has long been a top wholesale distributor of Essilor lenses in the U.S. It has been a leading partner to vision care VM - ESSILOR DEBUTS CRIZAL ROCK, THE MOST SCRATCH Product: Crizal Rock Top Line: Essilor is introducing Crizal Rock, which the company calls “The most scratch-resistant Crizal No-Glare lenses ever made.” Close Up: Crizal Rock lenses are three times more scratch-resistant than entry-level Crizal products and two times easier to clean than its main competitors after extensive smudging, according to Essilor. OAKLEY INTRODUCES OAKLEY STEALTH, ADVANCED LENS TREATMENT Oakley Introduces Oakley Stealth, Advanced Lens Treatment. Oakley Stealth was tested by Colts Labs, scoring 4.84 out of a possible 5 in Real Life Simulation testing. FOOTHILL RANCH, Calif.—Oakley is introducing Oakley Stealth, a new industry leading anti-reflective lens coating optimized for performance and durability. CEO Colin Badensaid
VM | VISIONMONDAY.COMLATEST NEWSBUSINESSEYECARETECHNOLOGYSTYLEPEOPLE Vision Monday is the ophthalmic industry's leading source of news and news analysis. Established in 1987, VisionMonday provides valuable insights into how successful retailers and practitioners build their businesses and stay profitable.VM - PRIVATE EQUITY
FFL Partners and CDPQ Complete Planned Acquisition of New Look Vision By Staff Thursday, May 27, 2021 10:06 AM MONTREAL—New Look Vision Group Inc. (TSX: BCI.TO) today announced the completion of the transaction under which FFL Partners, a San Francisco-based private equity firm, Caisse de dépôt et placement du Québec (CDPQ), a global investment group, and the Dr. H. VM - RX OPTICAL WILL PARTNER WITH MYEYEDR. VIENNA, Va.–Rx Optical, with 54 locations across Michigan and Indiana, announced today that it is partnering with the MyEyeDr. family of practices. The deal will bring the total MyEyeDr. office count to 731 over 26 states and the District of Columbia. Details of the transaction were not disclosed. The partnership further solidifies the presence of MyEyeDr. in the Midwest. VM - NEW PARTNERSHIP WITH BLEPHEX EXPANDS ALCON’S IN FORT WORTH, Texas—Alcon on Friday announced an agreement that provides the company exclusive rights to sell the BlephEx technology and accompanying products in the U.S. The agreement was effective May 1. The partnership with BlephEx LLC, a pioneer in bacterial biofilm theory, demonstrates Alcon’s “ongoing commitment to bringing forth transformative innovations for eyecare VM - CLEAR SIGHT PARTNERS LLC FORMED BY S.F. INVESTMENT SAN FRANCISCO, Calif.—Spanos Barber Jesse & Co. (SBJ), a San Francisco-based investment firm, announced that it has completed a partnership with five Florida vision practices and a group of nine retail stores to form Clear Sight Partners, LLC (CSP).The move marks the firm’s entry into the optical industry. Collectively, CSP is one of the largest vertically integrated vision care providers LUMENIS LAUNCHES OPTILIGHT, A NOVEL SOLUTION FOR DRY EYES Product: OptiLight Top Line: Following the FDA’s recent De Novo authorization (www.fda.gov) for Lumenis’ OptiLight (www.Lumenis.com\OptiLight), an IPL device which is designed for improving signs of dry eye disease due to meibomian gland dysfunction, the company is releasing the device commercially. Close Up: OptiLight, with Lumenis’ patented OPT technology, is designed for a VM - SATISLOH DEBUTS ENHANCED WECO VERIFIER GERMANTOWN, Wis.--. At the recent International Vision Expo East, Satisloh debuted the Verifier SL-60, a re-engineered power verification and finish blocker based on Weco’s Verifier Pro. The Verifier SL-60 marks the beginning of a new high performance line of finishing equipment distributed exclusively by Satisloh under its newagreement with
VM - ESSILORLUXOTTICA TO ACQUIRE WALMAN, THE LARGEST CHARENTON-LE-PONT, France, and MINNEAPOLIS, Minn.—EssilorLuxottica has entered into an agreement to acquire Walman, the largest independent optical laboratory group in the U.S. The terms of the agreement were not disclosed. Walman, which is employee-owned and operated, has long been a top wholesale distributor of Essilor lenses in the U.S. It has been a leading partner to vision care VM - ESSILOR DEBUTS CRIZAL ROCK, THE MOST SCRATCH Product: Crizal Rock Top Line: Essilor is introducing Crizal Rock, which the company calls “The most scratch-resistant Crizal No-Glare lenses ever made.” Close Up: Crizal Rock lenses are three times more scratch-resistant than entry-level Crizal products and two times easier to clean than its main competitors after extensive smudging, according to Essilor. OAKLEY INTRODUCES OAKLEY STEALTH, ADVANCED LENS TREATMENT Oakley Introduces Oakley Stealth, Advanced Lens Treatment. Oakley Stealth was tested by Colts Labs, scoring 4.84 out of a possible 5 in Real Life Simulation testing. FOOTHILL RANCH, Calif.—Oakley is introducing Oakley Stealth, a new industry leading anti-reflective lens coating optimized for performance and durability. CEO Colin Badensaid
VM - LATEST NEWS - VISION MONDAY Vision Expo East 2021 Concludes Show in Orlando, Brings Together Members for Education and Exhibition By Staff Tuesday, June 8, 2021 12:30 AM ALEXANDRIA, Va.—Vision Expo East 2021 concluded on Saturday, June 5. The four-day event, which took place for the first time in Orlando, Florida, from June 2-5 at the Orange County Convention Center, marked the first large-scale, in-person trade VM - COVID-19 AND BOOSTER SHOTS - VISIONMONDAY.COM It's likely that we will need to get a booster shot for our COVID-19 vaccine at some point, but lots of questions still remain. When will the shot be needed? Why do we need it? Does everyone need one? We don't have the answer to all these questions yet, due to time, but there are some things we know for sure. Head over to The New York Times to learn what scientists know about COVID-19 boosters VM - BHVI LAUNCHES MYOPIA AWARENESS WEEK 2021 FOR MAY 24-28 SYDNEY, Australia—BHVI has announced the relaunch of Myopia Awareness Week, a global initiative to bring attention to the growing epidemic of myopia in children across the world. Myopia Awareness Week 2021 will run from May 24 to 28. BHVI will be providing a range of educational resources for practitioners, parents and advocates of myopia awareness, as well as content for social VM - MATCH EYEWEAR INTROS NEW KATA COLLECTION Friday, June 11, 2021. Home (current); VM Magazine. Cover Topics; Editorial Staff; Subscribe Now; Issue Archives VM - METLIFE ANNOUNCES COMPLETION OF ACQUISITION OF Wednesday, January 13, 2021 12:27 AM. NEW YORK— MetLife (NYSE: MET) said this week that its previously announced acquisition of managed vision care company Versant Health has been completed. The company noted that Versant Health is “a well-respected leader in vision care and owner of Davis Vision and Superior Vision Services.”. VM - L.A.EYEWORKS DONATES $65,000 TO ART FOR JUSTICE FUND LOS ANGELES—l.a.Eyeworks has announced the donation of $65,000 to the Art For Justice Fund with the proceeds generated by the sale of its WELLS frame, which the brand launched in August 2020 and named in honor of journalist and civil rights pioneer Ida B. Wells. Philanthropist Agnes Gund founded The Art For Justice Fund as a five-year charitable initiative to invest in artists and policy VM - U.S. OPTICAL SALES DECLINE FOR WEEK OF MAY 24-30 AS NEW YORK—Even though national optical sales declined last week (May 24-30), overall gross revenue generated during Week 22 of this year still remained substantially higher than during the comparable weeks of both 2019 and 2020, according to data from Jobson’s latest Practice Performance Tracker. This is primarily due to Week 22 of 2020 being in the midst of the pandemic and because VM - FIRST GLOBAL RESEARCH PROGRAM DEVOTED TO VISION AND LONDON—The Wellcome Trust and the Chen Yet-Sen Family Foundation announced a £3.5 million contribution to support the launch of a five-year research project that will explore vision care as a driver of development across the life course. The project, known as ENGINE, comprises a four-country suite of trials examining the impact of glasses on promoting better living from childhood through to LAUNCHING AND MANAGING YOUR BUSINESS WITH THE BALANCE NEW YORK—When you don’t know where to start, there’s usually no better place to begin than the library. For small business owners—new, old, or aspiring—The Balance Small Business is an online library dedicated to your needs, featuring more than 7,000 pieces of content collected over 20 years to help entrepreneurs launch and balance their own business. VM - NATIONAL SURVEY FROM VSP VISION CARE FINDS OUR EYES RANCHO CORDOVA, Calif.—Eighty percent of Americans say pandemic-prompted screen time put their eyes in VM | VISIONMONDAY.COMLATEST NEWSBUSINESSEYECARETECHNOLOGYSTYLEPEOPLE Vision Monday is the ophthalmic industry's leading source of news and news analysis. Established in 1987, VisionMonday provides valuable insights into how successful retailers and practitioners build their businesses and stay profitable. VM - TOP 50 RETAILERS - VISION MONDAYLATEST NEWSACCESSORIES COLLECTIONSMEETINGSSTAFFCONSOLIDATION RESHAPES RETAIL VM's Top 50 Sales Concentration Grows By Marge Axelrad and Mark Tosh Monday, May 18, 2020 12:28 AM NEW YORK—Comparable to prior VM Top 50 reports, there was a concentration of sales among the 2020 VM Top 50 U.S. Optical Retailers, accounting for an estimated $15.7 billion of a $37.5 billion total U.S. market for the 12 months ending Dec. 2019. The Top 10 optical retailers collectively VM - CLEAR SIGHT PARTNERS LLC FORMED BY S.F. INVESTMENT SAN FRANCISCO, Calif.—Spanos Barber Jesse & Co. (SBJ), a San Francisco-based investment firm, announced that it has completed a partnership with five Florida vision practices and a group of nine retail stores to form Clear Sight Partners, LLC (CSP).The move marks the firm’s entry into the optical industry. Collectively, CSP is one of the largest vertically integrated vision care providers VM - REVIEW OF OPTOMETRIC BUSINESS: AMERICAN RESCUE PLAN We’re dealing with a global pandemic that has disrupted almost every aspect of our daily lives, and if 2020 taught us anything, it was that the only thing that remained constant was change. Congress recently passed another giant piece of legislation, the American Rescue Plan Act, to aid our country as we continue to battle the COVID-19 pandemic. Here are key sections of the legislation that VM - NEW PARTNERSHIP WITH BLEPHEX EXPANDS ALCON’S IN FORT WORTH, Texas—Alcon on Friday announced an agreement that provides the company exclusive rights to sell the BlephEx technology and accompanying products in the U.S. The agreement was effective May 1. The partnership with BlephEx LLC, a pioneer in bacterial biofilm theory, demonstrates Alcon’s “ongoing commitment to bringing forth transformative innovations for eyecare VM - VSP BUYS MARCHON FOR $735 MILLION, CREATING $3.3 “Bringing together the world-class products and expertise of Marchon with Altair, VSP’s for-profit eyewear company, creates an integrated organization that benefits eyecare professionals and their customers,” said Rob Lynch, VSP’s president and chief executive officer, in announcing the deal. VM - ESSILOR DEBUTS CRIZAL ROCK, THE MOST SCRATCH Product: Crizal Rock Top Line: Essilor is introducing Crizal Rock, which the company calls “The most scratch-resistant Crizal No-Glare lenses ever made.” Close Up: Crizal Rock lenses are three times more scratch-resistant than entry-level Crizal products and two times easier to clean than its main competitors after extensive smudging, according to Essilor. VM - FTC ANNOUNCES FINAL AMENDMENTS TO CONTROVERSIAL SILVER SPRING, Md.—The Federal Trade Commission voted 5-0 yesterday to approve a Final Rule amending the agency’s Contact Lens Rule, which facilitates shopping for contact lenses by requiring prescribers to automatically provide a copy of a patient’s prescription to the patient and to verify or provide prescriptions to third-party sellers. The Final Rule, known as 16 CFR Part 315 VM - FRAMERI TO CLOSE DOWN ITS OPERATIONS ON JAN. 16 CINCINNATI—Frameri, the startup company featured on the television show “Shark Tank” in 2015 for its innovative interchangeable frames and lens system, has decided to close its operations, according to a letter the retailer sent to customers Friday. The move follows by just a few months the company’s confirmation that it was looking to expand beyond its initial showroom facility here VM - ESSILORLUXOTTICA TO ACQUIRE WALMAN, THE LARGEST CHARENTON-LE-PONT, France, and MINNEAPOLIS, Minn.—EssilorLuxottica has entered into an agreement to acquire Walman, the largest independent optical laboratory group in the U.S. The terms of the agreement were not disclosed. Walman, which is employee-owned and operated, has long been a top wholesale distributor of Essilor lenses in the U.S. It has been a leading partner to vision care VM | VISIONMONDAY.COMLATEST NEWSBUSINESSEYECARETECHNOLOGYSTYLEPEOPLE Vision Monday is the ophthalmic industry's leading source of news and news analysis. Established in 1987, VisionMonday provides valuable insights into how successful retailers and practitioners build their businesses and stay profitable. VM - TOP 50 RETAILERS - VISION MONDAYLATEST NEWSACCESSORIES COLLECTIONSMEETINGSSTAFFCONSOLIDATION RESHAPES RETAIL VM's Top 50 Sales Concentration Grows By Marge Axelrad and Mark Tosh Monday, May 18, 2020 12:28 AM NEW YORK—Comparable to prior VM Top 50 reports, there was a concentration of sales among the 2020 VM Top 50 U.S. Optical Retailers, accounting for an estimated $15.7 billion of a $37.5 billion total U.S. market for the 12 months ending Dec. 2019. The Top 10 optical retailers collectively VM - CLEAR SIGHT PARTNERS LLC FORMED BY S.F. INVESTMENT SAN FRANCISCO, Calif.—Spanos Barber Jesse & Co. (SBJ), a San Francisco-based investment firm, announced that it has completed a partnership with five Florida vision practices and a group of nine retail stores to form Clear Sight Partners, LLC (CSP).The move marks the firm’s entry into the optical industry. Collectively, CSP is one of the largest vertically integrated vision care providers VM - REVIEW OF OPTOMETRIC BUSINESS: AMERICAN RESCUE PLAN We’re dealing with a global pandemic that has disrupted almost every aspect of our daily lives, and if 2020 taught us anything, it was that the only thing that remained constant was change. Congress recently passed another giant piece of legislation, the American Rescue Plan Act, to aid our country as we continue to battle the COVID-19 pandemic. Here are key sections of the legislation that VM - NEW PARTNERSHIP WITH BLEPHEX EXPANDS ALCON’S IN FORT WORTH, Texas—Alcon on Friday announced an agreement that provides the company exclusive rights to sell the BlephEx technology and accompanying products in the U.S. The agreement was effective May 1. The partnership with BlephEx LLC, a pioneer in bacterial biofilm theory, demonstrates Alcon’s “ongoing commitment to bringing forth transformative innovations for eyecare VM - VSP BUYS MARCHON FOR $735 MILLION, CREATING $3.3 “Bringing together the world-class products and expertise of Marchon with Altair, VSP’s for-profit eyewear company, creates an integrated organization that benefits eyecare professionals and their customers,” said Rob Lynch, VSP’s president and chief executive officer, in announcing the deal. VM - ESSILOR DEBUTS CRIZAL ROCK, THE MOST SCRATCH Product: Crizal Rock Top Line: Essilor is introducing Crizal Rock, which the company calls “The most scratch-resistant Crizal No-Glare lenses ever made.” Close Up: Crizal Rock lenses are three times more scratch-resistant than entry-level Crizal products and two times easier to clean than its main competitors after extensive smudging, according to Essilor. VM - FTC ANNOUNCES FINAL AMENDMENTS TO CONTROVERSIAL SILVER SPRING, Md.—The Federal Trade Commission voted 5-0 yesterday to approve a Final Rule amending the agency’s Contact Lens Rule, which facilitates shopping for contact lenses by requiring prescribers to automatically provide a copy of a patient’s prescription to the patient and to verify or provide prescriptions to third-party sellers. The Final Rule, known as 16 CFR Part 315 VM - FRAMERI TO CLOSE DOWN ITS OPERATIONS ON JAN. 16 CINCINNATI—Frameri, the startup company featured on the television show “Shark Tank” in 2015 for its innovative interchangeable frames and lens system, has decided to close its operations, according to a letter the retailer sent to customers Friday. The move follows by just a few months the company’s confirmation that it was looking to expand beyond its initial showroom facility here VM - ESSILORLUXOTTICA TO ACQUIRE WALMAN, THE LARGEST CHARENTON-LE-PONT, France, and MINNEAPOLIS, Minn.—EssilorLuxottica has entered into an agreement to acquire Walman, the largest independent optical laboratory group in the U.S. The terms of the agreement were not disclosed. Walman, which is employee-owned and operated, has long been a top wholesale distributor of Essilor lenses in the U.S. It has been a leading partner to vision care VM - TOP 50 RETAILERS - VISION MONDAY VM's Top 50 Sales Concentration Grows By Marge Axelrad and Mark Tosh Monday, May 18, 2020 12:28 AM NEW YORK—Comparable to prior VM Top 50 reports, there was a concentration of sales among the 2020 VM Top 50 U.S. Optical Retailers, accounting for an estimated $15.7 billion of a $37.5 billion total U.S. market for the 12 months ending Dec. 2019. The Top 10 optical retailers collectively VM - COVID-19 AND BOOSTER SHOTS - VISIONMONDAY.COM It's likely that we will need to get a booster shot for our COVID-19 vaccine at some point, but lots of questions still remain. When will the shot be needed? Why do we need it? Does everyone need one? We don't have the answer to all these questions yet, due to time, but there are some things we know for sure. Head over to The New York Times to learn what scientists know about COVID-19 boosters VM - ACCESSORIES COUNCIL'S 2021 DESIGN EXCELLENCE AWARDS NEW YORK—The Accessories Council has opened the entry submission period for its 3rd annual Design Excellence Awards. Building on its history of honoring individuals and companies, the Accessories Council launched the Design Excellence Awards in 2019 to expand the recognition of outstanding products, including optical eyewear, sunwear, personal protective equipment, social VM - U.S. OPTICAL SALES DECLINE FOR WEEK OF MAY 24-30 AS NEW YORK—Even though national optical sales declined last week (May 24-30), overall gross revenue generated during Week 22 of this year still remained substantially higher than during the comparable weeks of both 2019 and 2020, according to data from Jobson’s latest Practice Performance Tracker. This is primarily due to Week 22 of 2020 being in the midst of the pandemic and because VM - AEG VISION SEES A HEALTHY PIPELINE OF ACQUISITION AEG Vision Sees a Healthy Pipeline of Acquisition Prospects Ahead. By Marge Axelrad and Mark Tosh. Monday, August 10, 2020 10:18 PM. DALLAS—It’s been a roller-coaster year for the optical sector, and AEG Vision has experienced this as much as most. Its team of managers, doctors and staff who work across 150-plus locations in 12 states have VM - SHWOOD EYEWEAR LAUNCHES CAMP COLLECTION Quick Take: Shwood Eyewear is launching CAMP, a new sun collection that aims to fill the gap between budget and premium sunwear. Specifics: The CAMP collection features four classic silhouettes (Ridge, Trail, Topo and Cove) created for the outdoors and made of plant-based bioplastics and genuine wood inlays. The frames feature polarized lenses with 100 percent UVA/UVB protection, VM - FIRST GLOBAL RESEARCH PROGRAM DEVOTED TO VISION AND LONDON—The Wellcome Trust and the Chen Yet-Sen Family Foundation announced a £3.5 million contribution to support the launch of a five-year research project that will explore vision care as a driver of development across the life course. The project, known as ENGINE, comprises a four-country suite of trials examining the impact of glasses on promoting better living from childhood through to VM - NEW TOOL MAKES SEG HEIGHT MARKING OBJECTIVE DOYLESTOWN, Pa.--A software designer with an eye for optics has designed a simple, effective tool that allows opticians to accurately mark fitting crosses when measuring pupil heights. The tool, known as the Y-Stick, eliminates the subjectivity that often results from conflicting measurements taken by different opticians. VM - A FEW FACTS FOR PRIDE MONTH - VISIONMONDAY.COM Each year, June marks Pride, a month to celebrate and honor the LGBTQ+ community everywhere. But when did Pride begin, why is it in June, and what does the month usually entail? Head over to Mental Floss to learn ten facts about Pride Month to help you get into the spirit this June. VM - TRANSITIONS XTRACTIVE POLARIZED LENSES WILL BEGIN U.S Product: Transitions XTRActive Polarized Lenses Top Line: Transitions Optical will begin rolling out Transitions XTRActive Polarized lenses in the U.S. and Canada in the first quarter of 2021. The product will expand the Transitions XTRActive product line with the additional benefit of polarization. Transitions XTRActive Polarized lenses start clear indoors, darken in the car, and achieve* VM
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U.S. Optical Sales Decline for Week of May 24-30 as Gross Revenue Remains Substantially Higher Than Comparable Weeks of 2019 and 2020, Jobson’s Weekly Tracker Shows Staffing Is a Challenge for Many ECPs Right Now as Business Builds Back; New CDC Mask Confusion Is Creating Tension, Per Jobson's NewCoronavirus Survey
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ENGAGING EVENTS LEAD THE WAY AT VISION EXPO EAST 2021 Vision Expo East is buzzing with new innovations, products, events and panels designed to lead attendees through 2021 and into 2022 with confidence. From panels focused on diversity, equity and inclusion to marketing and business solutions, Vision Expo East offers attendees unparalleled access to industry leaders and the latest trends. Today, Friday, June 4, the Show boasts a lineup of exciting events andprogramming.
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VISION EXPO EAST IS UNDERWAY IN ORLANDO, FLORIDA Vision Expo East 2021 is underway, welcoming attendees and exhibitors to the Orange County Convention Center in Orlando, Florida for the first time ever. Vision Expo East marks the first, in-person trade show for the vision care community since 2019. On behalf of the Show organizers, The Vision Council and Reed Exhibitions, welcome to Vision Expo East 2021! On the Show Floor, you’ll find more than 200 exhibiting companies across several distinct neighborhoods, as well as cutting-edge education and engaging programming.Read more...
U.S. OPTICAL SALES DECLINE FOR WEEK OF MAY 24-30 AS GROSS REVENUE REMAINS SUBSTANTIALLY HIGHER THAN COMPARABLE WEEKS OF 2019 AND 2020, JOBSON’S WEEKLY TRACKER SHOWS NEW YORK—Even though national optical sales declined last week (May 24-30), overall gross revenue generated during Week 22 of this year still remained substantially higher than during the comparable weeks of both 2019 and 2020, according to data from Jobson’s latest Practice Performance Tracker. This is primarily due to Week 22 of 2020 being in the midst of the pandemic and because Memorial Day fell within Week 22 of 2019.Read more...
STAFFING IS A CHALLENGE FOR MANY ECPS RIGHT NOW AS BUSINESS BUILDS BACK; NEW CDC MASK CONFUSION IS CREATING TENSION, PER JOBSON'S NEWCORONAVIRUS SURVEY
NEW YORK—The character of current business among ECPs and optical retailers is running significantly higher in May 2021 in terms of profitability per patient (+29 percent), number of patients per day (+34 percent), revenue (+34 percent), optical sales (+35 percent) and capture rate (+23 percent) versus the May 2020 shutdowns and closings in the initial months of the COVID-19 pandemic. However, each of these practice business benchmarks are again, in the latest Wave 23 of the Jobson Research ECP Coronavirus Survey , which was conducted May 26 to May 28, starting to even up to flat in comparison with the sameperiod of 2019.
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CONTINUING ITS GROWTH, KEPLR VISION REPORTS 43 NEW PARTNERSHIPS ADDED IN 2021’S FIRST HALF BLOOMINGTON, Ill.—Encouraged by the strong operational performance of its growing portfolio of practices, Keplr Vision has announced the addition of 43 partnerships in the first half of 2021, with 10 of the practices located in Washington state and six in New Mexico. The addition of these new practice organizations increases the Keplr Vision management portfolio to more than 230 locations across more than 30 states, the firm’s announcement late last week noted.Read more...
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AS VISION EXPO MARKS THE 35TH ANNIVERSARY OF VISION EXPO EAST, THE 2021 SHOW COMES TO A CLOSE ACCESSORIES COUNCIL'S 2021 DESIGN EXCELLENCE AWARDS ENTRY PERIOD NOWOPEN
MIDO'S DIGITAL EDITION LAUNCHES TODAY, THROUGH JUNE 7, ORGANIZERS REVEAL FULL PROGRAM AGENDA AND OTHER VIRTUAL EXHIBITION DETAILS ESSILOR NAMED OFFICIAL PARTNER OF 24 HOURS OF LE MANS AND MISSIONH24 VMAIL SCHEDULING NOTE FOR JUNE 7, 2021NOW ON TWITTER
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BRENT H. ALVORD NAMED CHIEF DEVELOPMENT OFFICER AT CECOP USA, WILL LEAD NEW ACQUISITION INITIATIVES MIAMI—CECOP USA announced that it has named Brent H. Alvord as the firm’s chief development officer. In this new position, Alvord will take the reins to further accelerate the company’s rapid growth trajectory. Read more... TRANSITIONS OPTICAL ANNOUNCES ‘THE STUDIO,’ A LIVE, TRAIN-THE-TRAINER EVENT PINELLAS PARK, Fla.—Transitions Optical is hosting a live, one-of-a-kind educational experience—Transitions The Studio—for industry trainers, sales reps and eyecare professionals (ECPs). Read more... SATISLOH ANNOUNCES NEW LEADER OF CONSUMABLES AND AFTERMARKET BUSINESS BAAR, Switzerland—Satisloh has named Luca Cavadini, an executive with deep optical industry experience, as the new head of its consumables and aftermarket business. Read more...click for sound
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Staffing Is a Challenge for Many ECPs Right Now as Business Builds Back; New CDC Mask Confusion Is Creating Tension, Per Jobson's NewCoronavirus Survey
Engaging Events Lead the Way at Vision Expo East 2021 Brent H. Alvord Named Chief Development Officer at CECOP USA, Will Lead New Acquisition Initiatives Continuing Its Growth, Keplr Vision Reports 43 New Partnerships Added in 2021’s First Half CooperVision Expands Leadership Team for Myopia Management and 1 DayModality
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SASKATCHEWAN-BASED WEYBURN EYE CARE CLINIC JOINS FYIDOCTORS BAUSCH + LOMB AND PREVENT BLINDNESS LAUNCH EDUCATIONAL CAMPAIGN DURING JUNE'S CATARACT AWARENESS MONTH BRITISH CONTACT LENS ASSOCIATION'S CLINICAL CONFERENCE IN MID-JUNE NOW OFFICIALLY COPE ACCREDITED NEW PAPER ESTABLISHES CONTEXT FOR MYOPIA CONTROL AXIAL LENGTH TARGETS VM'S NEWS QUIZ FOR THE WEEK OF MAY 23: A BASEBALL-EYEWEAR PARTNERSHIP, POST-PANDEMIC WORK TRENDS AND THE RACE TO FULL VACCINATION SAFILO AND EVONIK TO LAUNCH NEW SUSTAINABLE MATERIAL FOR SUN LENSES OAKLEY AND PERFECT GAME PARTNER TO SUPPORT THE VISION OF BASEBALL'S NEXT GENERATION OF PLAYERS 13TH ANNUAL PREVENT BLINDNESS SWING FORE SIGHT GOLF TOURNAMENT IS SET FOR JUNE 2 DURING VISION EXPO EAST VMAIL SCHEDULING NOTE FOR MAY 31, 2021 NEW RESEARCH TO PROVIDE TWO-YEAR UPDATE ON MYOPIA CONTROL: USAGE AND ATTITUDES OF CANADIAN ECPS VISION EXPO EAST 2021 EXPLORES DIVERSITY, EQUITY AND INCLUSION THROUGH SERIES OF PANELS AND COURSES HERU SERIES A FUNDING ACCELERATES CLOUD AND ARTIFICIAL INTELLIGENCE-ENABLED WEARABLE VISION DIAGNOSIS AND THERAPY CARL ZEISS VISION AND HOYA VISION CARE JOIN VSP GLOBAL PREMIER PROGRAMAS LENS PARTNERS
THE WORLD COUNCIL OF OPTOMETRY AND GLOBAL MYOPIA AWARENESS COALITION SUPPORT THE BRIEN HOLDEN VISION INSTITUTE MYOPIA AWARENESS WEEK, MAY24-28
SUNBIT ANNOUNCES $130M SERIES D ROUND AND A $1 BILLION VALUATION ALLIANCE FOR PATIENT SAFETY AND AOA SUPPORT THE REINTRODUCTION OF THE CONTACT LENS PRESCRIPTION VERIFICATION MODERNIZATION ACT ARE YOU A TOP U.S. OPTICAL RETAILER? TAKE PART IN VM'S 2021 TOP 50 OPTICAL RETAILERS SURVEY, DEADLINE IS EXTENDED TO MAY 26 EYEMART EXPRESS NAMES FEMI ENIGBOKAN AS THE COMPANY’S FIRST CHIEFGROWTH OFFICER
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NEW VM ‘MICRO CHAT’ LOOKS AT RE-ESTABLISHING TRUST IN HEALTHCAREMULTIMEDIA
VM CONVERSATION: ESSILOR’S PETE LOTHES TALKS WITH ANDREW KARP ABOUT LABS AND SERVICING INDEPENDENT ECPSMULTIMEDIA
THIRD VM ‘MICRO CHAT’ EXPLORES ACCESS TO CARE AND SOCIAL DETERMINANTS OF HEALTHMULTIMEDIA
SECOND VIDEO IN VM'S 'MICRO CHATS ON MACRO TRENDS' SERIES CONSIDERS THE RISE OF TELEHEALTH AND WELLNESSMULTIMEDIA
VM LAUNCHES 'MICRO CHATS ON MACRO TRENDS' SERIES: FIRST VIDEO EXAMINES THE BRICK TO CLICK TREND IN HEALTHCAREMULTIMEDIA
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