Vision Source, “North America’s largest service network of independent optometrists”, announced that it has entered into an agreement to be acquired by Essilor.
Vision Source, which consists of nearly 4,000 members, stated that “both companies share in their longstanding commitment to continuously elevate independent optometry through innovation, partnership and choice.”
It has been reported by executives of both companies that Vision Source is expected to become a wholly-owned subsidiary of Essilor of America but that it will continue to be led and managed as an independent company, by its current leadership team, which includes the company’s founder and executive chairman, Glenn Ellisor, OD.
“This partnership brings together the global leader in the lens market with the leading U.S. platform of products and services for independent eye care professionals,” said Mr. Ellisor.
This partnership brings together the global leader in the lens market with the leading U.S. platform of products and services for independent eye care professionals…
“We’re certain that the expertise and resources that this new relationship offers our members will further bolster the success of their practices. We could not ask for a better organization to join forces with as we lead Vision Source into the future.”
Eric Leonard, president, Essilor of America, Inc., said “our partnership with Vision Source is part of our overall strategy to offer ECPs choice in new and innovative solutions, business tools, services and products they need to enhance the patient experience.
“We believe in the current Vision Source leadership and are committed to their strategy of supporting independent eye care professionals in providing improved patient outcomes. We believe, working together, Essilor and Vision Source will enhance independent optometry by reducing the complexity and risk associated with managing the practice of the future.”
The acquisition remains subject to standard regulatory approvals.
