Highmark Health Reports ‘Strong’ Financial Results

By Staff
Friday, August 18, 2017 12:23 AM PITTSBURGH, Pa.—Highmark Health, an integrated health care company with holdings in vision care, reported Thursday that its financial performance in the first half of 2017 was its “strongest financial performance for [a] six-month period” since the formation of Highmark in 1996.

New Look Vision Reports a 9.7 Percent Increase in Second-Quarter Sales

By Staff
Wednesday, August 16, 2017 12:23 AM MONTREAL—New Look Vision Group Inc. (TSX:BCI) cited the addition of 15 net new stores over the past 12 months as a key factor in its record sales of $55.4 million and adjusted EBITDA of $10.9 million during the second quarter ended July 1.

Valeant Reports ‘Organic’ Growth Within B+L Segment During Second Quarter

By Staff
Wednesday, August 9, 2017 12:23 AM LAVAL, Quebec—Valeant Pharmaceuticals International (NYSE: VRX) (TSX: VRX), parent of Bausch + Lomb, reported Tuesday that total revenues in its second quarter declined 8 percent to $2.23 billion from $2.42 billion in the second quarter of 2016. The company attributed the decrease to lower volume and price in its U.S. diversified products segment, among other factors.

Safilo Group Reports Q2 and First Half Results

By Staff
Friday, August 4, 2017 12:23 AM PADOVA, Italy—Safilo Group S.p.A. (SFLG.MI) reported its results for the first six months of 2017. Safilo cited the challenges relating to the implementation in January 2017 of a new Order-to-Cash IT system in the Padua Distribution Center, which negatively impacted a large part of the group’s worldwide sales order fulfillment in the first quarter.

Second Sight Reports Second Quarter 2017 Results and Highlights

By Staff
Wednesday, August 2, 2017 12:23 AM SYLMAR, Calif.—Second Sight Medical Products Inc. (NASDAQ: EYES), a developer, manufacturer and marketer of implantable visual prosthetics to provide useful vision to blind patients, reported Tuesday that it generated net sales of $2.2 million in the second quarter ended June 30. This compared with $1.0 million in the second quarter of 2016, the company said.

Essilor Revenue Rises 9.1 Percent in First-Half 2017

By Staff
Monday, July 31, 2017 12:29 AM CHARENTON-LE-PONT, France—Essilor International (ESSI: PA) reported consolidated revenue of €3.9 billion for the six months ended June 30, 2017, up 9.1 percent from year-ago, or 6.9 percent in constant currency and 2.5 percent in like-for-like terms. In line with previously announced expectations, adjusted contribution from operations amounted to 18.4 percent of revenue.

Hoya Reports Its First Quarter Financial Results

By Staff
Monday, July 31, 2017 12:26 AM TOKYO—Hoya Corp. (TOKYO:7741) posted revenue of 127,158 million yen for the first quarter ended June 30, 2017, up 10.4 percent year on year.

Sightbox, a Membership and Supply Service for Contact Lenses, Raises $2.4 Million

By Staff
Monday, July 31, 2017 12:23 AM PORTLAND, Ore.—Startup firm Sightbox, which offers an annual membership-linked supply service for contact lens wearers, recently raised $2.4 million in new funding to support its growth, a spokesman confirmed.

Luxottica Reports Sales, Earnings Gains as New Strategies ‘Produce Expected Results’

By Staff
Wednesday, July 26, 2017 12:23 AM MILAN—Citing the benefit of new strategies, Luxottica Group S.p.A. (MTA:LUX) reported Monday that group net sales rose 1.8 percent to €4.9 billion (at constant exchanges rates) and adjusted net income increased 3.5 percent to €567 million in the first half ended June 30.

Private-Equity Backed Eyeconic Vision Partners Acquires Phoenix Eyecare Group

By Staff
Monday, July 24, 2017 12:27 AM NEW YORK—Cortec Group, a private equity firm said that its portfolio company Eye Academy Holdings Inc. acquired Swagel-Wootton Hiatt Eye Center of Phoenix.

New Look Vision Group’s $50 Million Private Placement to Help Fund Iris Acquisition

By Staff
Friday, July 21, 2017 12:26 AM MONTREAL—New Look Vision Group Inc. (TSX:BCI) reported this week that it has completed a previously announced private placement of subscription receipts for aggregate gross proceeds of $50 million.

LSGPA Invests an Additional $500,000 in MacuLogix

By Staff
Friday, July 21, 2017 12:23 AM HARRISBURG, Pa.—The Life Sciences Greenhouse of Central Pennsylvania (LSGPA) has invested an additional $500,000 in MacuLogix, a company that equips eyecare professionals with the instruments, tools and education needed to effectively manage patients with Age-related Macular Degeneration (AMD).

Johnson & Johnson Sees Sales Growth Accelerating in Second Half of 2017

By Staff
Wednesday, July 19, 2017 12:26 AM NEW BRUNSWICK, N.J.—Johnson & Johnson (NYSE: JNJ) reported Tuesday that its sales in the second quarter rose 1.9 percent to $18.8 billion, in part a reflection of sales growth within its medical devices business segment (specifically the cardiovascular business and the Acuvue contact lens product line).

Novartis Reports Net Income Rises 10 Percent in Second Quarter

By Staff
Wednesday, July 19, 2017 12:23 AM BASEL, Switzerland—Swiss pharmaceutical company Novartis (NYSE: NVS) reported second quarter results with net income rising 10 percent to $1.98 billion from $1.81 billion compared with the year-ago period, while sales fell 2 percent to $12.24 billion. For the year's first half, net profit was off 5 percent at $3.64 billion and sales slipped 1 percent to $23.78 billion.

Essilor Acquires Team Effort Optical Lab, Merges It With Duffens Lab

By Staff
Friday, July 7, 2017 12:24 AM OKLAHOMA CITY, Okla.—Essilor has acquired Team Effort Optical, a full-service independent optical laboratory based here. The terms of the transaction were not announced.
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