RANCHO CORDOVA, Calif.—VSP Vision announced today that it has entered into a definitive agreement to acquire national optical retailer Eyemart Express from FFL Partners and Leonard Green & Partners. The company noted that the acquisition of Farmers Branch, Texas-based Eyemart Express, with its nearly 250 stores in 42 states, will mark another significant network investment by VSP Vision to serve its more than 85 million members. In June of this year, Eyemart Express was ranked as the No. 12 eyewear retailer in the U.S. as part of Vision Monday's 2024 Top 50 U.S. Optical Retailers report, with reported annual sales in 2023 of $366.2 million, up from $345 million in 2022.

“Like VSP, Eyemart Express is a doctor-founded organization with similar values and a shared commitment to expanding access to affordable, high-quality eyecare and eyewear to as many people as possible,” said VSP Vision president and CEO Michael Guyette. “We see an opportunity for this partnership to serve a broader range of patient segments including in some rural and traditionally underserved communities.”

“Joining the VSP Vision family is a natural fit for Eyemart Express, and we look forward to helping increase access to convenient, fast eyewear delivery and great patient care from doctors of optometry,” said Eyemart Express CEO Mike Nuzzo. “We’re excited by this incredible opportunity to help even more people see every moment.”
  
According to the announcement, the acquisition will be completed following the necessary regulatory approvals. The company advised VMAIL that upon close of the acquisition, Eyemart Express will continue to operate as an independent entity as part of VSP's network pillar.