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China Approves Essilor-Luxottica Merger; Deal Can Now Be Finalized

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They expect to close the transaction in Q3.

Essilor and Luxottica have received regulatory approval in China for their proposed merger.

The clearance “was the last condition precedent to the closing of the transaction and paves the way for the combination to be finalized,” according to a press release from Essilor.

The companies expect to close the transaction at the end of the third quarter.

The approval from SAMR, the antitrust regulator of the People’s Republic of China, came after the companies “made certain commitments with regard to the conduct of their business in China,” according to the release.

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“Essilor and Luxottica committed to inform SAMR about their future acquisitions and also to ensure availability of their products and services to all customers in China on a fair basis,” the release states. “These commitments are fully aligned with the future EssilorLuxottica’s mission to ‘help people see more, be more and live life to its fullest’ and the open business model both companies promote across the globe.”

The companies said they’re currently in discussions with the Turkish antitrust authority.

Milan, Italy-based Luxottica’s proposed deal with Essilor, a France-based maker of lenses as well as instruments and equipment, is valued at 48 billion euros (U.S. $56.5 billion). The combined company would be called EssilorLuxottica.

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Burglary at Optometry Office Is Seventh in 2 Months

The front door lock was broken.

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The burglary of an optometry office in San Diego County, CA, marks the seventh such crime in the region since July.

The latest break-in occurred at an office in Mira Mesa, NBC 7 San Diego reports. The article doesn’t identify the practice, but in an accompanying photo, the sign says “Dr. Satnick.”

Police were called to the scene overnight Wednesday. It wasn’t clear right away how much merchandise was stolen.

The Times of San Diego reports that the front door lock was broken.

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Authorities haven’t said whether the burglary might be connected to six other recent incidents, NBC 7 San Diego reports. No arrests have been made.

In August, burglars hit three optometry offices in San Diego County in a three-hour period.

Read more at NBC 7 San Diego

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10-Location Eyecare Group Is First to Join Medical Optometry America

The group has 29 optometrists.

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BLUE BELL, PA, and ASHBURN, VA — Medical Optometry America has signed an agreement with Associates in Eyecare – Optometrists, which will become first group of independent optometric practices to adopt the Medical Optometry America.

Associates in Eyecare – Optometrists has 29 optometrist working in the Northern Virginia and Washington, DC, areas.

“Many of us have known for some time that medical eye care is the future of our profession” said Robert Allen, OD, who serves as CEO of AIE, “and the state-of-the-art MOA System will allow our practices, and thousands more around the country, to accelerate this necessary advancement.”

Ken Krieg, CEO of Medical Optometry America, said, “MOA will provide independent optometrists the ability to participate in building a brand and practice management system that stands for exceptional medical eye care and inspires consumer confidence and demand for those services. In addition, optometry practices that choose to remain independent will now have viable marketing muscle to stay competitive in a fast-changing market.”

The foundation of the Medical Optometry System “is the creation of an education platform that facilitates the adoption of best practice protocols,” according to a press release.

Allen added, “We’re excited to be the flagship practice for MOA. No doubt the total MOA System will position us for the future and enable us to lead the transformation of our profession.”

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Vision Care Company to Add 8 Centers Across US

The practices are in California, Florida, Michigan and Texas.

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Treehouse Eyes, a company specializing in myopia care for children, has added 8 location in four states.

The practices are in California, Florida, Michigan and Texas, Healio.com reports.

The company’s original two locations are located in the Washington, DC-area communities of Bethesda and Tysons Corner, according to its website.

Healio.com quoted Gary Gerber, OD, co-founder of the company, saying, “By partnering with carefully vetted practices that meet certain predetermined requirements, we will rapidly accelerate myopia management within those practices and will continue our growth across the country and are currently lining up partners outside the U.S.”

Gerber said 20 more practices will be added to the U.S. network in 2020.

Read more at the Healio.com

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