VSP Global Completes Visionworks Acquisition

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Michael Guyette (l) and Pete Bridgman.
RANCHO CORDOVA, Calif.—In what VSP Global said is "furthering its vision to provide more access to affordable, high-quality eyecare and eyewear," VSP Global announced today it has completed the acquisition of San Antonio, Texas-based Visionworks from Highmark, Inc. The purchase price of the group remained undisclosed. The news was first announced by VSP Global and Visionworks in June of this year, as VMAIL  reported. “With the close of this acquisition, we can provide more value to our clients and members and respond to their expectations for a substantial, consistent, and sustainable retail eyecare experience, underscored by the professional care of VSP network doctors,” said Michael Guyette, president and CEO of VSP Global.

“The addition of Visionworks marks a major milestone in VSP Global’s 65-year history, supporting our mission of helping people see and keeping us well-positioned to better compete and grow membership in a changing marketplace.”

Pete Bridgman, president of Visionworks, will report to Guyette effective immediately. Visionworks will continue to operate independently while VSP Global assesses business integration opportunities in the months ahead, the announcement said.

With more than 700 stores in nearly 40 states, the acquisition marks the largest network investment by VSP Global.