Newest VisionWatch Consumer Barometer Shows 6.1 Percent Increase in Vision Care Market Revenues

By Staff
Monday, August 31, 2015 5:00 PM ALEXANDRIA, Va.—The latest VisionWatch Consumer Barometer, covering the 12-month period ending June 2015, reflects a 6.1 percent overall increase in revenues for vision care products and services in the U.S. compared to the prior year period.

Virginia Eye Institute’s Pager Captures Extra $7,000 Daily

By John Sailer
Monday, August 31, 2015 5:00 PM RICHMOND, Va.—To increase revenue from existing patients, ophthalmology practices have been gradually yet steadily incorporating optical dispensaries over the years. Virginia Eye Institute is no exception. This three-O practice’s most recent success at improving its capture rate comes from implementing a paging system that helps optometrists hand off patients to opticians.

InSite Vision and QLT Amend Merger Agreement

By Staff
Monday, August 31, 2015 12:27 AM ALAMEDA, Calif.—InSite Vision Inc. (OTCBB: INSV) announced on Aug. 28 that InSite and QLT Inc. (NASDAQ: QLTI) (TSX: QLT) entered into a revised merger agreement under which QLT will acquire InSite Vision.

Calvin Harris for Emporio Armani Men

By Staff
Monday, August 31, 2015 12:25 AM The collaboration between Emporio Armani and the well known producer and DJ Calvin Harris continues.

Essilor, Luxottica and Valeant Make Forbes 2015 Top Global Innovators List

By Staff
Monday, August 31, 2015 12:18 AM NEW YORK—Forbes released its annual Top Global Innovators List, ranking three optical companies among their top 100 innovative companies.

CooperVision Celebrates New Corporate Office Opening With Ribbon-Cutting Ceremony

By Staff
Monday, August 31, 2015 12:16 AM VICTOR, N.Y.—One of the world’s leading contact lens manufacturers, CooperVision, Inc. (a unit of The Cooper Companies, Inc. NYSE: COO), celebrated the grand opening of its new corporate offices here in the vicinity of Rochester, N.Y., with a ribbon-cutting ceremony on Friday, Aug. 27, 2015.

Attorney Ron Goldman Joins the Sept. 2 ‘Power Hour’

By Staff
Monday, August 31, 2015 12:15 AM FRANKLIN LAKES, N.J.—Ron Goldman, the director of legal services for The Power Practice, will be the guest on the Sept. 2 edition of “The Power Hour,” the weekly broadcast hosted by Gary Gerber, OD, founder of The Power Practice.

NEW INVESTORS ‘OPTI-MISTIC’

By Marge Axelrad and John Sailer
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.

NEW INVESTORS ‘OPTI-MISTIC’: A VM Series

By John Sailer
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.

Who's Who and What's What in Investing

By John Sailer
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.

A Unique Player: Why American Optical Services Lost Its Bet on Optical

By John Sailer
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.

Embarking on the Adventure With Staff: Getting Started With EHR

By Marge Axelrad
Monday, August 31, 2015 12:00 AM AUSTIN, Texas—Certified electronic health records (EHR) helps improve patient care, by significantly reducing the risk of medical efforts and increasing the accuracy of the diagnosis with the help of clinical decision support in the system.

New Investors, New Thinking, for Optical

By Marge Axelrad
Monday, August 31, 2015 12:00 AM After nearly two years of minimal detail, some tech world P.R. and much discussion, dating back to VM’s own Leadership Summit in 2014, Opternative’s online “eye test,” which they refer to as a “refractive eye exam,” launched in 27 states late last month.

The McGee Group: From a Bathtub to 42,000 Square Feet in Four Decades

By Deirdre Carroll
Monday, August 31, 2015 12:00 AM MARIETTA, Georgia—“What started the company was when I made the first call to a little town called Pascagoula, Mississippi,” shared Wayne McGee, founder and CEO of The McGee Group. “I didn’t know anything about eyewear. At the time, I was working for a packaging company that taught me all about color and design theory and what colors would attract a shopper when she walked down the aisles in a grocery store.”
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