Tuesday, October 6, 2015 12:30 PM
SALT LAKE CITY, Utah—Standard Optical
is one of those rare companies that not only has passed the 100-year milestone but also remains in the hands of family members. Founded here in 1911 by Henry Schubach, Standard Optical is currently under the management of third and fourth generation family members, Stephen and Aaron Schubach, respectively.
Thursday, September 24, 2015 10:16 PM
LAS VEGAS—A standing-room-only crowd of representatives of leading optical businesses attended VM LIVE’s presentation of “Tech’s Appeal—Digital Tools to Seduce the Savvy Retail Customer” to learn what mobile technology can do for their businesses.
Wednesday, September 23, 2015 12:15 PM
PLEASONTON, Calif.—CooperVision is leading a nationwide search to discover and recognize U.S. eyecare practices that have found unique ways to make their businesses thrive.
Wednesday, September 23, 2015 12:10 PM
NEW YORK—While many multiple-location regional optical groups often take advantage of economies of scale by operating their own in-house centralized optical lab, some still outsource their surfacing and finishing work to other wholesale optical labs.
Monday, September 14, 2015 12:30 AM
NEW YORK—It’s clear that private equity’s interest in the optical and vision care sector is heating up.
As innumerable Vision Monday’s VMail Breaking News headlines can attest, the pace of deals has picked up dramatically over the past two years.
Monday, September 14, 2015 12:00 AM
“You have the support of the optometric community when you need it,”
Louisiana State Senator David Heitmeir, OD, AOA 2015 Optometrist of the Year.
Wednesday, September 9, 2015 12:15 PM
PHOENIX, Ariz.—With the addition of its newest location, an acquisition of an existing practice in Glendale, Ariz., 20/20 Image Eye Centers now operates five locations in the vicinity of Phoenix, Ariz.
Wednesday, September 9, 2015 12:01 PM
ALEXANDRIA, Va.—The total U.S. market for vision care products and services was up in all categories for the twelve-month period ending June 2015, according to the latest statistics available from The Vision Council’s VisionWatch
report. As the chart indicates, lenses grew by the largest percentage (up 8.5 percent), followed by over-the-counter readers (up 6.2 percent) and frames (up 5.7 percent).
Monday, August 31, 2015 12:10 AM
Call it ‘Opti-mism.’ The pace of new investment and acquisitions in the retail and optometric side of the U.S. optical business has been intensifying. In 2015, that pace picked up dramatically—and more deals are reportedly on tap for the remainder of this year and into the next—promising to essentially reshape the business in new ways, to realign and restructure the national regional, local optical retail landscape and the presence of vision care in the health care space as well.
Monday, August 31, 2015 12:09 AM
Starting with this issue, VM begins a Special Series exploring the recent influx of private equity capital into the optical business and the multimillion dollar deals (and in one case, billion dollar deal) being made in the sector. With access to record amounts of available money and health care reform encouraging consolidation, this “perfect storm” shows no signs of stopping as mergers and acquisitions continue their pace.
Monday, August 31, 2015 12:08 AM
Accredited Investor: Investors who are financially sophisticated with a reduced need for protection, as defined by Regulation D of the Security and Exchange Commission (SEC), these investors can include individuals, banks, insurance companies, employee benefit plans and trusts. Accredited investors must earn $200,000 individually or $300,000 jointly during each of the last two years and expect that to continue; have an individual or net worth of $1 million; and be a general partner, executive officer, director or a related combination.
Monday, August 31, 2015 12:06 AM
LAS VEGAS—Based in the gambling capital of the U.S., American Optical Services (AOS) lost its bet on consolidation . . . and brought a number of successful optical businesses down with it. Judging from the many successes private equity firms have experienced in the sector, this failure was not due to the market itself, which remains robust, but resulted from poor planning, mismanagement and other factors, according to many of the investors and retailers spoken to by VM.
Monday, August 31, 2015 12:00 AM
“Whether we help grandma read to her grandchildren or help a child of five read for the first time, that’s what it’s all about.” Lauren Branch, 2015 Apollo Award winner.
Wednesday, August 26, 2015 12:15 PM
PEORIA, Ill.—As Bard Optical
approaches its 75th year in business next year, the regional optical group with 20 locations throughout Illinois has had decades to learn what works and what doesn’t when running a multiple-location practice.