VSP Vision Earns Great Place to Work Certification, Selected as 2024 U.S. Best Managed Company Gold Standard Winner

By Staff
Tuesday, May 7, 2024 12:27 AM RANCHO CORDOVA, Calif.—VSP Vision has announced that it has been certified by Great Place to Work, an award based on what current employees say about their experience working at the company. VSP Vision also announced that it has been selected as 2024 U.S. Best Managed Company gold standard winner for the fourth consecutive year. In recognition of the Great Place to Work certification, 81 percent of employees said VSP Vision is a great place to work—24 points higher than the average U.S. company, according to the announcement. Great Place to Work identifies itself as the global benchmark for workplace culture, employee experience and the leadership behaviors proven to deliver market-leading revenue, employee retention and increased innovation.

Marcolin and K-Way Sign Exclusive Licensing Agreement

By Staff
Tuesday, May 7, 2024 12:24 AM LONGARONE and MILAN, Italy—Marcolin and K-Way, a French brand currently owned by Turin-based group BasicNet, announced they have signed an exclusive licensing agreement for the design, production and worldwide distribution of K-Way brand sunglasses, optical frames, ski goggles and eyewear for kids. The partnership officially begins on January 1, 2025, and will last six years, until December 31, 2030, according to the announcement. The K-Way SS25 eyewear collections, the first to be produced by Marcolin, will be presented in early 2025 to then become available worldwide by distribution through a network of selected stores.

Lighthouse Guild Receives Grant From American Macular Degeneration Foundation to Study Assistive Devices for Vision Impairment

By Staff
Tuesday, May 7, 2024 12:21 AM NEW YORK—Lighthouse Guild has announced that it has received an American Macular Degeneration Foundation (AMDF) Thrive Award of $75,000 to study the effectiveness of various assistive technology devices. The goal is to provide objective information that will help people with vision impairment determine which devices will work best for them, according to the announcement. “Assistive technology has the potential to substantially improve the lives of people with vision impairment by facilitating independence, enhancing communication, improving the ability to perform activities of daily living, and increasing participation in society,” said Dr. William Seiple, chief research officer at Lighthouse Guild.

EyeCare Partners Announces Refinancing Transaction Completion

By Staff
Tuesday, May 7, 2024 12:18 AM ST. LOUIS—EyeCare Partners LLC, a leading provider of clinically integrated eyecare, has announced it has closed a follow-on debt exchange with holders of its existing term loans following an initial debt exchange that closed in April. The combined exchanges represent participation of more than 98 percent of the company’s first lien term loan holders, more than 91 percent of its second lien term loan holders and 100 percent of its revolving credit facility (RCF) commitments.

Toku Appoints Dr. Robert Weinreb to Board of Directors

By Staff
Tuesday, May 7, 2024 12:15 AM SAN DIEGO—Toku has announced the appointment of Robert N. Weinreb, MD, to its board of directors. A technology company specializing in developing non-invasive, artificial intelligence (AI)-powered diagnostic and screening tools using retinal imaging to measure cardiovascular and other health risk factors, Toku noted that Dr. Weinreb's appointment underscores the company's commitment to excellence and innovation in eyecare. “We are thrilled to welcome Dr. Weinreb to our board. Working with him, we will accelerate our leadership in health care through the eye,” according to Ehsan Vaghefi, Toku president and chief executive officer.

EyeCare Partners Announces Joel Day as New Chief Financial Officer

By Staff
Monday, May 6, 2024 12:27 AM ST. LOUIS—EyeCare Partners, a provider of clinically integrated eyecare, has announced that Joel Day has been named executive vice president, finance, and will take the chief financial officer role with the company, effective June 1, 2024. He will have responsibility for the strategic planning, implementation and management of all EyeCare Partners finance activities, including accounting, business planning, budgeting, forecasting, revenue cycle management (RCM) and procurement. Day will succeed Bob Gold, who has shared his intent to depart the organization, effective May 31.

PRISM Consulting Partners and Lion Management Form PRISM Concierge

By Staff
Monday, May 6, 2024 12:24 AM NEW YORK—PRISM Consulting Partners, a Florida-based health care private practice acquisition advisory and consulting company, and Lion Management Services Organization of New York have partnered to form PRISM Concierge. The newly formed PRISM Concierge aims to be a full-service provider to private health care practitioners looking for options ranging from maximizing profit to ultimately transitioning to their desired outcome, according to the announcement. According to the group, the client also receives management of back-office services tailored to achieve that outcome.

Walmart to Close U.S. Health Clinics, Reaffirms Its Commitment to Vision Centers and Pharmacies

By Staff
Monday, May 6, 2024 12:21 AM BENTONVILLE, Ark.—Citing a lack of profitability, Walmart (WMT.N) has announced that it will close its 51 U.S. health clinics across five states, instead focusing on its 3,000 vision centers and nearly 4,600 pharmacies located inside its stores.

Sight Sciences Reports First Quarter 2024 Financial Results and Reaffirms Full-Year Financial Guidance

By Staff
Monday, May 6, 2024 12:18 AM MENLO PARK, Calif.—Sight Sciences, Inc., an eyecare technology company, reported financial results for the first quarter ended March 31, 2024, and reaffirmed financial guidance for full-year 2024.

Southern College of Optometry Announces Honorary Degree, Lifetime Achievement Award Recipients for 2024 Commencement

By Staff
Monday, May 6, 2024 12:15 AM MEMPHIS, Tenn.—As part of its 2024 commencement on May 7, Southern College of Optometry (SCO) will recognize two alumni and one industry professional for their contributions to the field of optometry.

The National Average for Gross Revenue at ECP Locations Decreased for the Week of April 22–28, Jobson’s Latest Practice Performance Tracker Shows

By Staff
Friday, May 3, 2024 12:27 AM NEW YORK—The national average for gross revenue at ECP locations decreased last week, April 22–28, when compared with the previous week at a rate of -2 index points. That places gross revenue at a level 5 index points above where it was at this point in time (Week 17) when compared with last year (2023), 11 points above the same period in 2022, 14 points above 2021, 102 points above 2020 (during COVID) and 19 points above 2019, according to Jobson’s most recent Practice Performance Tracker.

Glaukos Announces Record First Quarter 2024 Financial Results and Raises Full-Year Guidance

By Staff
Friday, May 3, 2024 12:24 AM ALISO VIEJO, Calif.—Glaukos Corporation, an ophthalmic pharmaceutical and medical technology company focused on therapies for the treatment of glaucoma, corneal disorders, and retinal diseases, has announced financial results for the first quarter ended March 31, 2024.

Safilo Signs Perpetual License Agreement for David Beckham Eyewear

By Staff
Friday, May 3, 2024 12:21 AM PADUA, Italy—Safilo Group reported yesterday that the company has signed a perpetual license agreement with Authentic Brands Group (Authentic) for David Beckham Eyewear, which substitutes the previous contract expiring at the end of 2030.

NECO Announces Honorary Degree Recipient, Presidential Medals, and Six Valedictorians for College’s 130th Commencement

By Staff
Friday, May 3, 2024 12:18 AM BOSTON—The board of trustees at New England College of Optometry (NECO) has announced its honorary degree recipient, two Presidential Medal awardees, and six valedictorians as part of its 130th commencement exercises to be held on May 19, 2024, at Boston’s Symphony Hall. Myopia expert and research leader Jane Gwiazda, Ph.D., is the honorary degree recipient. Marge Axelrad, editorial director emeritus of Vision Monday and VMAIL, and Marc Ferrara, executive consultant for Jobson Optical Group, will receive the Presidential Medal awards.

20/20 Onsite Launches ‘Vision for Southbridge’ Program to Provide Free Eyecare to Students

By Staff
Friday, May 3, 2024 12:15 AM BOSTON—20/20 Onsite, a mobile eyecare company, is partnering with Southbridge Public Schools (SPS) and the Health Foundation of Central Massachusetts to provide comprehensive eye exams and glasses to SPS students at no cost to their families through the “Vision for Southbridge” program.