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CooperVision Makes an Acquisition

It bought a scleral lens company.

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PLEASANTON, CA — CooperVision has acquired Blanchard Contact Lenses Inc., a scleral lens company.

Financial terms of the deal were not disclosed.

“The acquisition further expands our scleral lens portfolio, extending the way we help improve the way people see each day,” said Juan Carlos Aragón, president of CooperVision’s Specialty EyeCare Division. “Its innovative products, services, technologies and people will augment what we are building with Paragon, Procornea, and Soflex. This creates even more opportunities for CooperVision to partner with eye care professionals (ECPs), and for them to meet a range of patient needs.”

Blanchard, with its network of distributors, enjoys a strong brand position in North America, Europe (including Scandinavia), Central America and South America, according to a press release from CooperVision. Its products are available in more than 20 countries.

“The new relationship with CooperVision will be instrumental in extending our reach and potential, providing access to a broad range of research, operations and commercial resources for the benefit of customers and wearers,” said Jean Blanchard, president of Blanchard Contact Lenses, who will continue to lead the organization. He has also been appointed as a member of the CooperVision Specialty EyeCare global management team.

Founded in 1986, Blanchard has operations in Sherbrooke, Quebec; and Manchester, NJ. It employs about 70 people. Like CooperVision’s other specialty businesses, it will retain its name and continue to operate as a separate organization.

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The acquisition includes Blanchard’s U.S. and Canadian entities.

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UK Gets Nationwide Contact Lens Recycling Program

It’s available to all soft contact lens wearers.

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LONDON — Johnson & Johnson Vision announced that it is launching the Acuvue Contact Lens Recycle Programme, the United Kingdom’s first free nationwide program that “enables consumers to easily recycle their contact lenses and the blister and foil packaging after use.”

The program is available to all soft contact lens wearers, regardless or which contact lens brand they use, according to a press release.

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The program aims to reduce plastic waste in landfills and waterways by providing a simple and practical alternative to the UK’s 3.7 million contact wearers, according to the release. That includes the 20 percent of wearers who reported that they currently dispose of their lenses by flushing them down the toilet or the sink.

“The end result will see the recycled contact lenses, blister and foil packaging turned into new products such as outdoor furniture and plastic lumber,” the release explained.

“Seventy-seven percent of British contact lens wearers said they would recycle their contact lenses if they could and we share their interest in reducing the amount of plastics in the environment,” said Sandra Rasche, area vice president, Europe, Middle East and Africa, Vision Care, Johnson & Johnson Medical GmbH. “As a business, we are committed to doing our part to combat climate change, protect our planet’s natural resources and reduce waste, and this new UK recycling programme represents the next step in our company’s sustainability commitment.”

Consumers will have the option of either having their contact lens material collected, or dropping it off through a network of recycling bins at public drop-off locations at optical stores across the UK, including retailer Boots Opticians Ltd. The recycling partnership with Boots Opticians and a number of independent stores aims over time to provide over 1,000 public drop-off recycling locations for contact lens waste across the UK.

Johnson & Johnson Vision is collaborating with TerraCycle, a leader in the collection and reuse of non-recyclable post-consumer waste, to run the program.

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Man Who Threatened to Drive Into Optometrist’s Office Is Sentenced to Probation

He’s also been ordered to attend anger management classes.

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A man who threatened to ram his automobile into a Florida optometrist’s office has been sentenced to two years of probation.

Thirty-one-year-old Richard Madigan of Melbourne, FL, was alleged to have become upset in September when Optical Outlets in Melbourne wouldn’t see him, Florida Today reports.

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He allegedly threatened to drive into the business, then drove his Jeep in reverse onto the sidewalk in front of the establishment before leaving. He allegedly came close to hitting the front door.

His threats “sent people running,” according to an earlier report in Florida Today.

The newspaper reports that on Nov. 27, Madigan pleaded no contest to reckless driving and operating a vehicle without a valid driver’s license — both misdemeanors — as well as to aggravated assault with a deadly weapon, a felony.

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He was not technically convicted, as adjudication was withheld on all of the counts, according to Florida Today.

Madigan has been ordered to attend anger management classes.

Read more at the Florida Today

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Eyecare Equipment Firms Will Combine to Form New Company

It will be called Advancing Eyecare Holdings.

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STAMFORD, CT — Private equity firm Atlantic Street Capital announced that it will form Advancing Eyecare Holdings with the partnership of its portfolio company Lombart Instrument — a distributor of ophthalmic instruments to ophthalmologists and optometrists — and Marco Ophthalmic Inc., a high-tech instrumentation supplier.

Financial terms of the deal were not disclosed. The transaction is subject to customary closing conditions and is expected to be completed in the first quarter of 2019.

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Gordon Siteman, CEO of Lombart, said, “Creating Advancing Eyecare with the partnership of two leaders in the eyecare instrumentation marketplace increases our ability to provide the doctor both the service and product offerings that suit their budget and their technology requirements. When completed, the combined organization will deliver the best solution at the best price for every practice’s needs.”

Upon completion of the transaction, David Marco will continue as a meaningful investor in the business and will join Advancing Eyecare as co-chairman of the newly formed company and help advise the senior management teams.

Marco said, “With this strategic partnership we will be ideally positioned to maximize value for both our customer and employees. It allows for expanded service capability for Marco and greater technology offerings for Lombart. The combined entity enhances and accelerates our unique abilities to modernize and maximize efficiencies of the Eye Care platforms.”

Bryan Bevin, senior operating adviser to Atlantic Street Capital’s portfolio companies, will serve as co-chairman of the Advancing Eyecare board.

Both he and Marco will oversee the operating and strategic guidance of all Lombart assets in the medical eyecare marketplace in North America, including Lombart Instrument, Marco Ophthalmic, Enhanced Medical Services and INNOVA Medical Ophthalmics (Canada and Mexico).

Andy Wilkins, managing partner of Atlantic Street Capital, said, “Since our acquisition of Lombart in 2016, we have steadily built the business through organic growth, as well as expanded into Canada with the acquisition of INNOVA and enhanced our pre-owned ophthalmic business with the acquisition earlier this year of Enhanced Medical Services.  The addition of Marco is another significant investment to strengthen Lombart’s position as a key partner for its customers, further extending our ability to deliver a breadth of clinical solutions.”

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