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 7, 2015 12:23 AM
PLEASANTON, Calif.—The Cooper Companies
(NYSE:COO) posted $461.7 million in revenue for the fiscal third quarter ended July 31, 2015, up 7 percent year-over-year and 5 percent in constant currency.
Monday, September 7, 2015 12:22 AM
ALAMEDA, Calif.—InSite Vision Inc.
(OTCBB:INSV) has received a second unsolicited proposal from a global pharmaceutical company to acquire all outstanding shares of InSite Vision common stock at an increased price of $0.35 per share in cash, according to an announcement from the company.
Friday, September 4, 2015 12:23 AM
announced its financial results for the first six months of 2015, citing that its “vision business exceeded all expectations,” according to president and CEO, David Holmberg, who led a conference call with investors and the media yesterday.
Friday, September 4, 2015 12:22 AM
ALAMEDA, Calif.—InSite Vision Incorporated
(OTCBB:INSV), a company that develops ophthalmic products for eyecare needs, announced that their Special Meeting of Stockholders to vote on certain matters in connection with the transaction with QLT Inc., will now be held at 10:00 a.m. Pacific Time on Oct. 9, 2015, for stockholders of record as of September 8, 2015.
Tuesday, September 1, 2015 9:00 AM
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.
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
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.
Monday, August 24, 2015 12:23 AM
NASHVILLE, Tenn.—Surgery Partners, Inc.
, a Nashville-based company that operates surgical facilities across the U.S., announced on Aug. 17 that it has filed for a proposed initial public offering of shares of its common stock with the SEC.
Monday, August 24, 2015 12:22 AM
ALAMEDA, Calif.—InSite Vision
(OTCBB:INSV), an ophthalmic Pharmaceutical company, announced Friday that its board of directors has determined that the previously announced unsolicited offer from a multi-national pharmaceutical company to acquire InSite for $0.25 per share in an all-cash transaction
constitutes a “company superior proposal” compared with InSite’s previously announced definitive agreement with QLT
dated (NASDAQ: QLTI) (TSX: QLT) June 8, 2015.