Thursday, January 23, 2020 12:24 AM
DULUTH, Ga.—National Vision, Inc.
(Nasdaq: EYE) (NVI), a wholly-owned subsidiary of National Vision Holdings, Inc., has entered into a third amendment to the management and services agreement with Walmart, Inc.
, which will be effective as of Jan. 23, 2020, per a filing with the SEC yesterday. The amendment updates the terms of the management and services agreement (the MSA) between Walmart and NVI, dated as of May 1, 2012, to add five additional vision centers located in Georgia to the MSA at a mutually agreeable “go-live date” for each new center. It will also extend the current term of the MSA by six months, to Feb. 23, 2021, and provide that the MSA will automatically renew for an additional three-year term unless, no later than July 23, 2020, one party gives the other party written notice of non-renewal. All other terms and conditions of the MSA remain in effect.
Tuesday, January 21, 2020 12:27 AM
NEW YORK—Beginning its next chapter, armed with the investment and health care perspectives from its new financial partner at Goldman Sachs
(MED) is viewing the future as one which will amplify its efforts to put the patient experience front and center. Its leadership team is poised to employ technology in a range of ways, from those that streamline and make patient service more actionable, to an approach that further develops professional paths for its optometrists and raises vision care’s profile and awareness among patients and other provider groups in the health care field.
Wednesday, January 15, 2020 12:18 AM
MASON, Ohio—Pearle Vision
has been ranked as the nation’s top eyecare franchise company on Entrepreneur
magazine’s highly competitive Franchise 500 list
, according to a Pearle Vision announcement.
Tuesday, January 14, 2020 12:18 AM
SACRAMENTO, Calif.—The California Optometric Association
(COA) has noted that as part of the state’s “strong commitment to strengthening the Medi-Cal program” eyeglass benefits for Medi-Cal recipients have been restored, and the association also noted that it will continue in 2020 to advocate for a Medi-Cal reimbursement rate increase for optometrists practicing in the state. “California’s rate is among the lowest in the nation,” a COA official told VMAIL
. “We will be advocating for the rate increase again this year.”
Friday, January 10, 2020 12:27 AM
CHICAGO and FLINT, Mich.—Midwest Vision Partners
, which is backed by Alpine Investors
, has announced a partnership with Michigan Eye Institute
(MEI), which represents MVP’s first partnership in the state of Michigan. Michigan Eye Institute is led by Dr. Gary Keoleian, Dr. Jeffrey Diskin and Dr. David Diskin and has a network of 12 providers. The practice employs approximately 110 support staff across six clinical locations, according to an announcement earlier this week. The terms of the partnership were not disclosed.
Friday, January 10, 2020 12:18 AM
MONTREAL—New Look Vision Group Inc.
(BCI.TO) has appointed Jason Schonfeld, CFA, to the role of senior vice president, business development. Schonfeld joined New Look Vision in November 2015 as director, corporate development, according to an announcement earlier this week. He has held the position of chief financial officer of Iris, The Visual Group (1990) Inc. since October 2017. Iris is New Look Vision’s optometric division. “Jason’s track record and experience, from external growth to integration of acquired business units, most recently at Iris, are instrumental to support New Look Vision’s current strategic and operating priorities,” New Look Vision chief executive officer Antoine Amiel said.
Tuesday, January 7, 2020 12:24 AM
NEW YORK and DULUTH, Ga.—Prive Revaux
, a celebrity-supported eyewear brand that debuted two years ago, will continue its retail expansion and exclusive optical partnership with America's Best Contacts & Eyeglasses.
Friday, January 3, 2020 12:24 AM
ST. LOUIS—The American Optometric Association
(AOA), in response to “information disseminated by various individuals and organizations regarding upcoming changes to coding and reimbursement” for evaluation and management services (E/M services), has provided an update about this topic for optometrists. Given the importance of E/M services in patient care, it's critical that all optometrists “are aware of these changes,” the association noted in the post on its website. According to the AOA post, the Centers for Medicare and Medicaid Services (CMS) in 2018 proposed to reduce the payment variation for office/outpatient E/M visit levels by paying a single rate for office/outpatient E/M visit levels 2 through 4 (one rate for established patients and another rate for new patients), while maintaining the payment rate for office/outpatient E/M visit level 5.
Friday, January 3, 2020 12:18 AM
, an optical retailer founded in 1990 by Dr. Doug H. Barnes and now a group of 218 office locations in 40 states nationwide, will celebrate more than just clear vision in 2020. The optical retailer turns 30, “a milestone in the retail and optical industries,” according to an announcement this week. Eyemart Express, which calls itself “the fastest provider of glasses in the industry” with its onsite labs, will launch a “2020 Glasses Giveaway” as part of its anniversary celebration. Customers who shop at Eyemart Express locations starting Jan. 1 will automatically be entered to win a $2020 gift card.A customer’s winning ticket will be selected each month this year, according to the announcement. (The gift card can be used to purchase any of the more than 2,000 frame options carried in every Eyemart Express, as well as sunglasses, lens treatments or accessories.)
Friday, December 27, 2019 12:30 AM
RANCHO CORDOVA, Calif.—VSP Ventures
, a care-focused practice transition partner and a business unit of VSP Global
, announced Thursday the acquisition of Brookside Optometric Group
in Stockton, Calif. Founded in 1998 by the late Craig Hisaka, OD, Brookside Optometric Group was established after the five largest optometric practices in Stockton merged together, according to the announcement. The terms of the deal were not disclosed. VSP Ventures was launched in March 2019 as part of VSP Global’s expanded retail strategy, as VMAIL reported
Monday, December 23, 2019 12:15 AM
RANCHO CORDOVA, Calif.—The VSP Global
Premier Program has announced a partnership with Tura, Inc.
Wednesday, December 18, 2019 12:21 AM
LONGARONE, Italy—Marcolin Group
, a clothing and accessory brand founded by brothers Giordano and Giuliano Calza, have announced an exclusive global partnership for the design, production and distribution of sunglasses and eyeglasses under the Calza brothers’ GCDS brand. The partnership will last for a five-year period from 2020-2024. Marcolin Group manufactured their first eyewear collection for GCDS in 2019, and the collection was then shown at GCDS’s September 21, 2019 fashion show.
Tuesday, December 17, 2019 12:21 AM
KINGWOOD, Texas—Vision Source
, under the auspices of its Vision Source Next program, said a unique series of events for optomerty students this year has resulted in Vision Source practices hosting “approximately 20 percent of the nation’s optometry students” for local field trips to visit member practice locations. One of the objectives of the initiative is “to perpetuate private practice optometry,” Vision Source said in its announcement. Vision Source Next, launched in 2018, is a “professional advancement program shaping the future of independent optometry by providing a path to start, buy or work in private practice,” according to the announcement.