Breaking News 3-22-19

By Staff
Thursday, March 21, 2019 11:28 AM

VSP Global Names Steve Baker President of VSP Ventures

By Staff
Wednesday, March 20, 2019 12:30 AM RANCHO CORDOVA, Calif.—VSP Global has announced the appointment of Steve Baker, president of Eyefinity, to lead the newly-established VSP Ventures. “Steve’s leadership of Eyefinity over the years has enabled him to build extensive relationships in the industry and provided a unique perspective in working across a variety of practice models,” said Michael Guyette, president and CEO of VSP Global. “We’re excited to see Steve apply his expertise and passion to VSP Ventures, a care-focused and doctor-governed alternative to private equity consolidation.”

New Look Vision Group Inc. Reports Record Results for the Fourth Quarter and Fiscal 2018

By Staff
Wednesday, March 20, 2019 12:27 AM MONTREAL—New Look Vision Group Inc. (TSX: BCI), a leader in the Canadian retail optical industry with 373 stores across Canada, reported Tuesday that revenue increased 5.4 percent in the fourth quarter to $71.1 million. The company attributed the growth “mainly [to] the impact of the acquisition of Iris, as well as comparable store sales growth,” according to the announcement. Comparable-store sales orders rose 0.8 percent in the quarter, which ended Dec. 29, 2018. This marked the 18th consecutive quarter of comparable-store sales growth, the company noted. Adjusted EBITDA reached $13.6 million, an increase of 8.3 percent, and net earnings attributable to shareholders reached $3.1 million, compared with $2.8 million in the year-ago period.

EyeCare Partners Continues Growth with Bennett Optometry Partnership and Marks Entry into Michigan

By Staff
Wednesday, March 20, 2019 12:24 AM ST. LOUIS—EyeCare Partners LLC (ECP) said Tuesday it has expanded into its 11th state by partnering with Bennett Optometry, a leading two-location optometric practice in Ann Arbor, Mich., led by Dr. Steven Bennett. Bennett Optometry was founded in 1949 when the father of Dr. Steven Bennett, Dr. Herman Bennett, opened his first office in downtown Ann Arbor. In 2008, the practice transitioned from father to son. Dr. Steven Bennett has since led the practice through a period of consistent growth, including its recent expansion into a large second location in North Ann Arbor. The five-doctor practice is a full-scope medical optometric practice treating and managing a variety of ocular diseases and visual impairments.

Jobson ECP Business Services Partners with EyeCarePro

By Staff
Wednesday, March 20, 2019 12:21 AM NEW YORK—Jobson ECP Business Services Group and EyeCarePro have announced a marketing and services agreement where Jobson will partner with EyeCarePro in providing website, search optimization, content development, and comprehensive marketing services to eyecare practices throughout the U.S. Daniel Rostenne, CEO of EyeCarePro, noted, “We are very pleased to be partnering with Jobson and its market-leading group of publications, websites and industry marketing services. With Jobson as our marketing partner, we will take EyeCarePro to the next level in terms of supplying the industry’s marketplace with better tools that will enable independent optometry and ophthalmology practices to compete more effectively in the future.”

VMAIL Scheduling Note for March 21, 2019

By Staff
Wednesday, March 20, 2019 12:15 AM NEW YORK—There will be no VMAIL on Thursday, March 21. Look for VMAIL to resume its daily schedule from Vision Expo East in New York on March 22, 23 and 24. To catch up on all the week’s news from Vision Expo East, go to the Latest News category on VisionMonday.com. Don’t miss the digital edition of Vision Monday’s March edition, which features VM’s cover story on Personalization in addition to all the regular issue departments. To access the digital edition for March, click here.

Alcon Acquires IOL Lens Development Company PowerVision Inc.

By Staff
Tuesday, March 19, 2019 12:30 AM FORT WORTH, Texas—Alcon, a global leader in eyecare, said Monday it has acquired PowerVision Inc., a privately-held, U.S.-based medical device development company focused on creating fluid-based intraocular lens implants. Alcon said the acquisition furthers its commitment to drive growth and innovation in advanced technology intraocular lenses (AT-IOLS) to meet the needs of cataract surgery patients who desire spectacle independence. “As the industry leader in cataract surgery, we’re eager to accelerate development of this potentially breakthrough accommodating lens technology,” said Alcon’s Michael Onuscheck, president of global business and innovation.

Advancing Eyecare Names Brad Staley as Chief Executive Officer

By Staff
Tuesday, March 19, 2019 12:27 AM NORFOLK, Va.—Advancing Eyecare, a recently formed holding owned by private equity firm Atlantic Street Capital, has appointed Brad Staley as chief executive officer, effective immediately. Staley will oversee all operations of Advancing Eyecare's ophthalmic equipment industry business units: Lombart Instrument, Marco, INNOVA and Enhanced Medical Services, according to an announcement Monday. Staley is the first chief executive officer of Advancing Eyecare and will be responsible for each of the four individual companies under its ownership, a spokesman told VMAIL. David Marco and Bryan Bevin, a senior operating advisor to Atlantic Street Capital’s portfolio companies, will continue in their roles as co-chairman, the spokesman added.

Jeff Press Named Chief Creative Officer for Luxury Optical Holdings

By Staff
Tuesday, March 19, 2019 12:24 AM NEW YORK—Luxury Optical Holdings (LOH) has announced the promotion of Jeff Press to chief creative officer, overseeing product design and creative for Robert Marc NYC, Morgenthal Frederics,and its designer collaborations, including Oscar de la Renta and Monse. (LOH) is a leading designer and purveyor of independent eyewear with a global footprint.The company owns the Robert Marc NYC and Morgenthal Frederics brands and has the exclusive distribution rights for the Lunor brand in the U.S. LOH manufactures and distributes its handcrafted specialty frames and lenses in 28 eyewear boutiques throughout North America and through an expanding global wholesale network.

Session Panelists Announced for NAVCP 2019 Vision Health Summit in Washington, D.C.

By Staff
Tuesday, March 19, 2019 12:21 AM WASHINGTON, D.C.—The National Association of Vision Care Plans (NAVCP) today announced the subject matter expert panelists that will address industry trends, telehealth/telemedicine and disruptive technology in vision care, the skyrocketing incidence of myopia and the important role vision health plays in achieving overall health at its upcoming 2019 Vision Health Summit, April 14-16. The organization said the deadline for hotel room reservations for the meeting, to be held at the MGM National Harbor here, is March 22. Registration details are posted here.

Lilliana Vazquez to Moderate Vision Expo’s EYE2EYE Series with Common

By Staff
Tuesday, March 19, 2019 12:18 AM NEW YORK—Lilliana Vazquez will moderate Vision Expo’s inaugural EYE2EYE series with award-winning artist Common, according to an announcement from show organizers. Vazquez is a multimedia personality that has acted as a host, influencer, style advisor and producer for the biggest names in entertainment, including working as a contributor for NBC’s TODAY Show and a correspondent for Access Hollywood. Vazquez will lead the inspirational and empowering conversation with Common as he shares his experiences of storytelling, messaging and his passion for creativity.

Treehouse Eyes Completes Series Seed Financing

By Staff
Tuesday, March 19, 2019 12:15 AM BOULDER, Colo.—Treehouse Eyes, a startup focused on treating childhood myopia, has closed on a privately led Series Seed financing round. The company, based here, said it will use the funds to expand its geographic footprint in the U.S. and open more myopia treatment centers. Terms of the round were not disclosed. Launched in late 2016, Treehouse Eyes has dedicated myopia management centers in the metro D.C. market with hundreds of myopic children already in treatment.

Shopko Will Continue to Evaluate Strategic Options for Optical Business Amid Liquidation of Company

By Staff
Monday, March 18, 2019 3:25 PM GREEN BAY, Wis.—Shopko Stores announced Monday afternoon that a buyer could not be found to keep its “go-forward” stores running despite the company’s best efforts to find a buyer. As a result, the company said it plans to conduct an “orderly wind-down of its retail operations beginning this week.” Shopko noted, however, that it is evaluating strategic options for its optical business, a roughly $100 million annual operation at its peak in 2017. “This is not the outcome that we had hoped for when we started our restructuring efforts,’ Shopko chief executive officer Russ Steinhorst said in Monday’s announcement. “We want to thank all of our teammates for their hard work and dedication during their time at Shopko.”

Today's Vision Names New President

By Staff
Monday, March 18, 2019 12:24 AM HOUSTON—Today’s Vision Licensing Corporation (TVLC) has changed leadership for the first time in its 15-year history and has named Dr. Ali Mostaghimi as president. At 39, he is one of the youngest doctor presidents of a major U.S. optometry group, the company pointed out. Dr. Mostaghimi succeeds Dr. Donald Glenz, who founded Today’s Vision in 1984 as a franchise group. Dr. Glenz continued as the TVLC president after he and partner Stig Pederson sold to the original 22 doctors who founded TVLC. After 42 years practicing in Houston, Dr. Glenz recently sold his practice.

It’s All About Strategy and Structure for ABB Optical’s New Chief Executive Officer Tom Burke

By Staff
Monday, March 18, 2019 12:21 AM CORAL SPRINGS, Fla.—For Tom Burke, who joined ABB Optical as chief executive officer last year, running an organization successfully comes down to two things: strategy and structure. This is the formula he has relied upon in running various businesses over a 40-year career (mostly under the Cardinal Health corporate umbrella) and it underpins the plan he’s worked to put in place since joining ABB last August. “If the strategy is solid and the structure is great and you execute, then you can do anything,” Burke told VMAIL in a recent interview. “That was my story with Cardinal.”