ESL Investments Officially Named as Winning Bidder in Sears’ Bankruptcy Auction

By Staff
Friday, January 18, 2019 12:24 AM HOFFMAN ESTATES, Ill.—Sears Holdings announced Thursday that ESL Investments Inc. was selected as the winning bidder in the company's court-supervised auction earlier this week.

Riata Capital Group’s Acuity Eyecare Announces Acquisition of Family Eyecare of Winterset

By Staff
Friday, January 18, 2019 12:21 AM DALLAS—Riata Capital Group said Thursday that its portfolio company Acuity Eyecare Group has acquired Family Eyecare of Winterset, a single location practice based in Winterset, Iowa.

Shopko Announces Voluntary Chapter 11 Bankruptcy Filing and Restructuring Plan

By Staff
Thursday, January 17, 2019 12:30 AM GREEN BAY, Wis.—Shopko announced Wednesday that it has filed voluntary petitions for a court-supervised financial restructuring under Chapter 11 of the U.S. Bankruptcy Code. As part of the restructuring process, the company said it will conduct another major round of store closings across its various store formats. At the same time, the company said it intends to relocate at least 20 optical centers that are located inside stores scheduled to close to new freestanding locations.

Eyecare Services Partners Names Susan Ludwick as SVP of Optical Services

By Staff
Thursday, January 17, 2019 12:27 AM DALLAS—Eyecare Services Partners (ESP), a leader in integrated eyecare services, has appointed Susan Ludwick as senior vice president of optical services. Ludwick brings more than 25 years of optical industry leadership experience to ESP, most recently as senior vice president and brand manager of Refac Optical Group, which operates U.S. Vision Inc., the sixth-largest retail optical chain in the U.S. market, according to an announcement this week. Ludwick also was executive vice president, retail partnerships, at Refac, and she held escalating operational leadership roles at U.S. Vision and was a regional training operations director and general manager for Luxottica.

Natural Ophthalmics Appoints Linda Axelrod as New President

By Staff
Thursday, January 17, 2019 12:24 AM NEW YORK—Natural Ophthalmics, Inc. has appointed Linda Axelrod as their new president, according to an announcement from the company. Axelrod has been with the company for 15 years and has become a familiar face at conferences and symposia across the country.

Filion, New Chief Executive at Rev360, Will Focus on Core Services, Products

By Staff
Wednesday, January 16, 2019 12:24 AM MADISON, Wis.—Rev360, a practice software and business services company for ECPs, began the new year with a new chief executive officer. Longtime health care IT executive Scott Filion assumed the title from company founder Scott Jens, OD, FAAO, at the beginning of this month. The challenge for Filion, who had joined Rev360 in September 2018 as president and chief operating officer, is to deftly build upon past successes and to drive further growth by helping the company’s ECP customer base operate more successfully.

SightGlass Vision Clinical Trial to Control Childhood Nearsightedness Is Now Enrolling Patients

By Staff
Tuesday, January 15, 2019 12:18 AM PALO ALTO, Calif.—SightGlass Vision, Inc. has announced that CYPRESS, a clinical trial to control nearsightedness in children, is now enrolling patients in the U.S. and Canada. This CYPRESS study will evaluate the safety and efficacy of SightGlass Vision’s novel lenses compared to standard lenses to reduce the rate of progression of myopia in children between the ages of six and nine over the course of 36 months. The multicenter, double-blinded, randomized controlled trial will enroll 255 patients across 14 sites in the U.S. and Canada. SightGlass expects to complete trial enrollment by the end of Q1 2019, and to report their initial results in 2020, which will later be accompanied by additional data after a longer-term follow up.

VM Global Leadership Summit 'Decoding the Consumer' Program Expands With Experts in AI Enterprise and Blockchain

By Staff
Monday, January 14, 2019 12:24 AM NEW YORK—The speaker roster is expanding for the upcoming Vision Monday Global Leadership Summit, "Decoding the Consumer: The New Science of Customer Behavior." Experts in new retail and health care technologies have joined the day-long exclusive program, which will be held here on March 20 at The Times Center. In the emerging category of using AI technology to build out knowledge of the customer and help create new and improved experiences, Justine Santa Cruz, SVP of enterprise & retail at Satisfi Labs joins the program. She is responsible for forging new partnerships with major brands, retailers and enterprise organizations to build automated solutions on the Satisfi Labs platform. Satisfi, an intelligent Answer Engine, uses internal data, customer input and product information to automate voice and text conversations between brands and their customers.

ShoreView and California Retina Associates Form New Administrative Services Group

By Staff
Monday, January 14, 2019 12:21 AM MINNEAPOLIS, Minn.—Yukon Partners has partnered with ShoreView Industries and the founders of California Retina Associates to form a new administrative services organization.

NovaBay Pharmaceuticals Reports Preliminary 2018 Sales and Issues 2019 Guidance

By Staff
Monday, January 14, 2019 12:15 AM EMERYVILLE, Calif.—NovaBay Pharmaceuticals Inc. (NYSE American: NBY), a biopharma company that commercializes prescription Avenova for the domestic eyecare market, reported last week that its 2018 net sales are expected to be $12.6 million to $12.7 million. The company also said it expects 2019 net sales to be approximately $16 million to $16.5 million, which would represent an increase of up to 30 percent compared with 2018, according to the announcement.

Atlantic Street Capital Forms Advancing Eyecare to Combine Marco Ophthalmic and Lombart

By Staff
Friday, January 11, 2019 11:05 AM STAMFORD, Conn.—Atlantic Street Capital is forming Advancing Eyecare Holdings to bring together its portfolio company Lombart Instrument with Marco Ophthalmic Inc.

Entrepreneur Magazine Ranks Pearle Vision Among Top Health Franchises in Annual Top 500 List

By Staff
Friday, January 11, 2019 12:24 AM MASON, Ohio—Pearle Vision has been named as one of the nation’s top health franchises in Entrepreneur magazine’s Franchise 500 list, according to an announcement by the retailer this week. Entrepreneur’s annual rankings take into account performance in various areas, including unit growth, financial strength and stability, and brand power. Pearle Vision was ranked No. 75 overall and No. 2 in the health-product franchises segment. Overall, Pearle Vision ranked in the top 15 percent of all franchises ranked.

California Optometric Association Says its Ready to Support State’s New Governor

By Staff
Friday, January 11, 2019 12:21 AM SACRAMENTO, Calif.—The California Optometric Association (COA) said this week that the state’s optometrists “stand ready to contribute [their] expertise and leadership” to the administration of Gov. Gavin Newsom, who was sworn in as the state’s 40th governor earlier this week. “Governor Gavin Newsom was sworn into office [Monday] as the nation is increasingly looking to California for health care leadership, and as we face our own challenges of serving a growing, aging and uniquely diverse population,” COA president Ranjeet S. Bajwa, OD, FAAO, Diplomate ABO, said in a statement.

Revelstoke-Backed CEI Vision Partners Buys Retina Vitreous Associates of Toledo, Ohio

By Staff
Friday, January 11, 2019 12:18 AM CINCINNATI—CEI Vision Partners (CVP), an ophthalmology services organization, announced this week that it has added Retina Vitreous Associates (RVA) of Toledo, Ohio, as its newest partner practice under the CVP platform. RVA is a vitreoretinal surgical practice with nine ophthalmologists who specialize in medical and surgical retinal disorders, including diabetic retinopathy, age-related macular degeneration, retinal vascular disease, diabetic macular edema and other retinal conditions. RVA serves patients from 10 locations throughout northwest and central Ohio, according to the announcement.

Riata Capital’s Acuity Eyecare Completes Two Deals, Receives Backing From J.P. Morgan Asset Management

By Staff
Tuesday, January 8, 2019 7:40 AM DALLAS—Riata Capital Group announced this morning that its portfolio company Acuity Eyecare Group has acquired two regional eyecare businesses, ABBA Eye Care in Colorado and EyeCare Specialties in Nebraska.