Pegasus Equity Advisors Announces EyeCare Partners Acquisition of Several Oklahoma-Based Independent Ophthalmology Practices

By Staff
Friday, January 22, 2021 12:27 AM EyeCare Partners makes acquisitions, AOA takes issue with NAOO’s legislative position, HG Vision makes an investment in The Power Practice, optical sales dip and Keplr Vision continues its growth spurt all topped this week’s VMAIL news feed. Click on the headlines below to catch up on anything you might have missed.

AOA Takes Issue With NAOO's Position on Legislation Related to Contact Lens Rule

By Staff
Thursday, January 21, 2021 12:33 AM NEW YORK—The American Optometric Association (AOA) has squared off against another eyecare industry organization—the National Association of Optometrists and Opticians (NAOO)—in a dispute in which the AOA calls into question whether the NAOO “can claim to be a representative organization of doctors.” The AOA’s complaint stems from the divergent views each group apparently took on an AOA-supported Contact Lens Rule Modernization Act.

HG Vision Makes Equity Investment in The Power Practice

By Staff
Thursday, January 21, 2021 12:30 AM TAMPA, Fla.—HG Vision, a vision care consultancy dedicated to the growth and success of independent optometry, has announced an equity investment in The Power Practice, a leading industry consulting company led by Dr Gary Gerber.

Optical Sales Across the U.S. Decrease in Most Categories for the Week of Jan. 11-17, Jobson Practice Performance Tracker Says

By Staff
Wednesday, January 20, 2021 12:30 AM NEW YORK—The only increase in optical sales last week (Jan. 11-17) was in the category of exams/refractions. Most other optical sales categories were down -4 index points for frame units and lens pairs and -3 index points for gross revenue. However, contact lens sales were down substantially over the course of the last week at a rate of -14 index points. Regionally, the Midwest and West suffered the largest declines in optical sales when compared with the Northeast and South, which also experienced decreases albeit at smaller rates.

Keplr Vision Continues Growth With Addition of 40 New Eyecare Partnerships in 2020

By Staff
Tuesday, January 19, 2021 12:30 AM BLOOMINGTON, Ill.—Amid a challenging year for many businesses and health care providers in 2020, Keplr Vision said it finished the year with an impressive 40 new eyecare partnerships. With 65 practice locations added via those partnerships, the Keplr organization “now boasts 185 total clinical locations,” the group said in an announcement late last week. Keplr Vision said it primarily focused its expansion in the Midwest while taking stronger steps into Texas and the Pacific Northwest regions in 2020.

James Reid Named CEO of Versant Health, a MetLife Company, as Kirk Rothrock Announces Retirement

By Staff
Friday, January 15, 2021 12:30 AM Versant Health names new CEO, Aflac adds vision and dental insurance, optical sales continue resurgence, EyeSouth Partners expands network and EyeCare Partners adds Texas practices all topped this week’s VMAIL news feed. Click on the headlines below to catch up on anything you might have missed.

Aflac Expands Product Offerings With New Vision and Dental Insurance

By Staff
Thursday, January 14, 2021 12:30 AM COLUMBUS, Ga.—Aflac (NYSE: AFL), a leading provider of supplemental insurance products, announced this week the national launch of Aflac Vision and Dental Insurance, which the company said marks its “expansion into offering products based on a provider network.” As a component of the insurer's continual growth strategy, the new coverage allows Aflac to offer even more of the key benefits that businesses desire to remain competitive and help attract and retain top talent, the announcement noted.

Optical Sales Across the U.S. Continued a Resurgence for Week of Jan. 4-10, Jobson Practice Performance Tracker Says

By Staff
Wednesday, January 13, 2021 12:30 AM NEW YORK—U.S. optical sales continued their nationwide resurgence last week (Jan. 4-10) following the New Year and Christmas holidays. All categories, except exams/refractions, surged to numbers well above even pre-Thanksgiving levels. In fact, all categories, except exams/refractions, returned to sales rates comparable to pre-pandemic levels, and were even higher in the case of contact lenses, according to the latest Jobson Practice Performance Tracker.

EyeSouth Partners Expands Network to Include 28 Doctors in Ohio and Kentucky Through Affiliation with Midwest Eye Center

By Staff
Tuesday, January 12, 2021 12:30 AM ATLANTA—EyeSouth Partners announced Monday that is has completed an affiliation with Midwest Eye Center (MWEC). The terms of the transaction were not disclosed. The affiliation represents Atlanta-based EyeSouth’s first in the states of Ohio and Kentucky. EyeSouth is an eyecare-focused management services organization backed by Shore Capital Partners, and it is committed to partnering with leading physicians to build a premier network of eyecare services in the U.S.

EyeCare Partners Adds Texas Practice Sites in Deal With EyeCare Associates of East Texas

By Staff
Monday, January 11, 2021 12:30 AM ST. LOUIS—EyeCare Partners LLC has established a new partnership with EyeCare Associates of East Texas (ECA), which will result in the addition of ECA's four Texas clinics to ECP's national network of full-scope medical optometry and ophthalmology practices, according to a recent announcement. The move also “launches ECP's expanded presence in Texas,” the announcement noted. The terms of the transaction were not disclosed.

CECOP Acquires Alliance Buying Group as It Continues to Grow North American Market Presence

By Staff
Friday, January 8, 2021 12:27 AM CECOP acquires Alliance Buying Group, FYidoctors adds Bobcaygeon Eye Care, U.S. optical sales bounce back, The Vision Council releases Q3 VisionWatch, and Bausch Health reduces debt all topped this week’s VMAIL news feed. Click on the headlines below to catch up on anything you might have missed.

FYidoctors Adds Bobcaygeon Eye Care as Company’s First Clinic in City of Kawartha Lakes Region

By Staff
Thursday, January 7, 2021 12:24 AM CALGARY, Alberta—FYidoctors, a leading optometrist-controlled eyecare company, announced this week that its latest clinic merger comes with the addition of Bobcaygeon Eye Care in central Ontario.

Optical Sales Across the U.S. Bounce Back for Week of Dec. 28-Jan. 3, Jobson Practice Performance Tracker Says

By Staff
Wednesday, January 6, 2021 12:30 AM NEW YORK—Optical sales bounced back on a national level last week (Dec. 28-Jan 3) following the substantial declines experienced the previous week (Dec. 21-27) during the Christmas holiday. This is likely due to the typical end-of-year surge in business from those with managed vision care plans and health care flexible spending accounts using up their benefits before the end of the calendar year. While most service/product categories rebounded at rates hovering around 20 index points, exams/refractions grew by half that, by 10 index points last week.

Click here to view the complete Jobson COVID-19 Performance Tracker

The Vision Council Releases Q3 VisionWatch 2020 Market Research Reports

By Staff
Tuesday, January 5, 2021 12:30 AM ALEXANDRIA, Va.—The Vision Council released last week its quarterly VisionWatch market research reports for Q3 of 2020. The reports indicated a net increase of 1.2 million vision correction users year over year from September 2019 to September 2020, and $37.46 billion in retail revenues during the same period. The report is designed exclusively for the optical industry and surveys trends in consumer behavior regarding eye exams and eyewear, analyzes developments in the U.S. eyecare market, and provides key market and product category statistics.

Bausch Health Announces Plans to Reduce Debt By $275 Million

By Staff
Monday, January 4, 2021 12:21 AM LAVAL, Quebec, Canada—Bausch Health announced last week that it will pay down an additional $275 million of its senior secured term loans using cash on hand and cash generated from operations.