Prevent Blindness Declares October Is Contact Lens Safety Month

By Staff
Tuesday, October 4, 2022 12:27 AM CHICAGO—Prevent Blindness has declared October as Contact Lens Safety Month to help educate the public on the best ways to protect their eyes through proper care. In addition to a dedicated webpage, fact sheets and shareable social media graphics, Prevent Blindness also offers the “Contact Lens Safety” episode as part of the Focus on Eye Health Expert Series. Dr. Thomas L. Steinemann, professor of ophthalmology at Case Western Reserve University, discusses a variety of topics with Prevent Blindness president and CEO, Jeff Todd, including advocating for contact lens safety, patient care, and the dangers of improper use of contact lenses.

Kering Eyewear Completes Acquisition of Maui Jim

By Staff
Tuesday, October 4, 2022 12:24 AM NEW YORK and PADOVA—Kering Eyewear announced that it has completed its acquisition of Maui Jim and now holds more than 90 percent of the brand, in accordance with the terms disclosed on March 14, 2022.

Harrow Announces U.S. FDA Approval of Iheezo, a Drug for Ocular Surface Anesthesia

By Staff
Tuesday, October 4, 2022 12:21 AM NASHVILLE, Tenn. and MENDRISIO, Switzerland—Harrow, an eyecare pharmaceutical company, and Sintetica, S.A., a growing pharmaceutical company focused on analgesics, local anesthetics, and sterile injectable solutions, announced the FDA  approval of Iheezo 3% for ocular surface anesthesia.

DaTE to Host Milano Eyewear Design Day on October 17

By Staff
Tuesday, October 4, 2022 12:18 AM MILAN—The organizers of DaTE have announced Milano Eyewear Design Day (MEDD), a special non-commercial event open to everyone, on Oct. 17, 2022.

Kubota Vision Announces Collaboration Agreement With Joslin Diabetes Center

By Staff
Tuesday, October 4, 2022 12:15 AM SEATTLE—Kubota Vision, a clinical-stage specialty ophthalmology company and a wholly-owned subsidiary of Kubota Pharmaceutical Holdings Co., announced last week that the company and Joslin Diabetes Center have entered into a material transfer and collaboration agreement for Kubota's Patient Based Ophthalmology Suite (PBOS), in-home optical coherence tomography (OCT*1) device. Joslin Diabetes Center is conducting two clinical studies to evaluate the ability of PBOS to identify cases of diabetic macular edema that may need treatment compared to a commercially-available OCT device.

New Private Equity Investor Takes Majority Stake in EyeSouth Partners

By Staff
Monday, October 3, 2022 12:30 AM ATLANTA—EyeSouth Partners, a comprehensive ophthalmology platform, based here, announced that private equity firm Olympus Partners has taken a majority stake in the company. Founded in 1988, Olympus is an active, long-term investor across a broad range of industries including business services, consumer products, health care services, financial services, industrial services and manufacturing. Prior to the acquisition, EyeSouth was backed by Shore Capital Partners, a Chicago-based private equity firm that had managed the company’s growth since its founding in 2017. EyeSouth’s physicians will remain significant investors alongside Olympus and management, the company said.

My Eyelab and Stanton Optical Open Five Stores in Three States During September

By Staff
Monday, October 3, 2022 12:27 AM PALM SPRINGS, Fla.—My Eyelab and Stanton Optical, leading retail brands of Now Optics, opened five stores in three states during September.

Maureen Beddis, EVP of Membership & Strategic Initiatives, Will Leave The Vision Council

By Staff
Monday, October 3, 2022 12:24 AM ALEXANDRIA, Va.—In a communication sent to The Vision Council members on Friday morning, CEO Ashley Mills announced the departure of Maureen Beddis, The Vision Council’s executive vice president, Membership & Strategic Initiatives.

XP Health Raises $17.1 Million Series A Funding for Its Digital FirstTransform Vision Benefits Platform

By Staff
Monday, October 3, 2022 12:21 AM SAN CARLOS, Calif.—XP Health, a company developing a digital-first vision benefits platform, announced a $17.1 million Series A round led by HC9 Ventures, Valor Capital Group and ManchesterStory.

CooperVision’s MiSight 1 Day Myopia Control Contact Lens Is Honored by German Design Council

By Staff
Monday, October 3, 2022 12:18 AM SAN RAMON, Calif.—CooperVision’s MiSight 1 day myopia control contact lens was recently recognized in the German Design Council’s 2022 German Innovation Awards. In the field of Medical & Health, it received a special mention in Excellence in Business to Consumer. “This award represents a tremendous sense of achievement and means a lot to us,” said Johannes Zupfer, general manager of Germany, Austria and Switzerland at CooperVision.

ClearVision Launches Faceboo Contest for ECPs in Support of Pumpkin Patch Project

By Staff
Monday, October 3, 2022 12:15 AM HAUPPAUGE, New York—ClearVision Optical is launching its annual Faceboo contest for eyecare professionals. This year, the contest is in conjunction with the Pumpkin Patch Project. Through its proprietary brand Dilli Dalli pediatric eyewear, ClearVision is joining up with the Pumpkin Patch Project to spread awareness for amblyopia and vision impairment in children. ClearVision will make a monetary contribution in support of the Pumpkin Patch Project in addition to helping promote the project among ECPs and parents.

VSP Vision Acquires Professional Eye Care Associates of America (PECAA)

By Staff
Friday, September 30, 2022 7:20 PM RANCHO CORDOVA, Calif. and BOCA RATON, Fla.—Today, VSP Vision announced the acquisition of Professional Eye Care Associates of America (PECAA)  from Nautic Partners. PECAA will continue to operate independently and be led by doctors, for the benefit of all independent eyecare professionals, the companies said, adding “The industry's two largest supporters of independent eyecare professionals are uniting to ensure the continued success and growth of private practice.” Serving more than 12,000 members, PECAA is the nation’s largest community of independent eyecare professionals. Since 2006, PECAA has delivered member-focused business services, group buying power to reduce costs, and a community of peers offering a network of support.

Safilo Group Signs New Financing Agreement, Early Repayment of Existing Bank Debt

By Staff
Friday, September 30, 2022 12:30 AM PADUA, Italy—Safilo Group signed a new financing agreement for a total of €300,000,000, maturing in September 2027 and consisting of a term loan facility of €150,000,000, a revolving credit facility of €75,000,000 and a Capex line of €75,000,000. The utilization of this new term loan facility, set for Sept. 29, 2022, permits the simultaneous early repayment of the entire bank debt currently represented by the term loan credit facility signed in 2018 with maturity June 2023 (equal to €35,000,000 in June 2022), and by the SACE term loan credit facility signed in 2020, expiring in June 2026 (equal to €108,000,000 in June 2022).

Gov. Gavin Newsom Vetoes Bill That Would Have Allowed California ODs to Perform Some Surgeries

By Staff
Friday, September 30, 2022 12:27 AM SACRAMENTO—On Wednesday, California Governor Gavin Newsom vetoed a bill that would have allowed California’s nearly 7,000 ODs to perform certain types of surgery, including laser procedures, lesion removal, several types of injections and corneal crosslinking.

EyeSouth Partners Affiliates With Arbor Centers for EyeCare and Chicago Eye Institute

By Staff
Friday, September 30, 2022 12:24 AM ATLANTA—EyeSouth Partners has completed affiliations with Arbor Centers for EyeCare and Chicago Eye Institute, leading ophthalmic practices in Chicagoland for decades, which are supported by the Ocular Partners Management Services Organization.