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Eyecare Equipment Firm Names CEO

The appointment is effective immediately.

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NORFOLK, VA — Advancing Eyecare, a newly formed holding company owned by private equity firm Atlantic Street Capital, announce the appointment of Brad Staley to the role of CEO.

Staley will oversee all operations of Advancing Eyecare’s ophthalmic equipment industry businesses Lombart Instrument, Marco, INNOVA and Enhanced Medical Services.

Staley joins Advancing Eyecare with over 24 years of global operating experience in healthcare, technology and manufacturing companies, including most recently as CEO of United Scope, a private equity-owned global provider of microscopy and optical solutions. Prior to United Scope, he led vision care companies for more than a decade in the Americas, Europe and Asia Pacific. Staley served as president of Signet Armorlite, a business unit of Essilor, and chief operating officer of Performance Optics, a global ophthalmic lens manufacturer recently sold to HOYA Corp.

A graduate of the U.S. Naval Academy with a degree in physics, Staley also holds an MBA from Fuqua School of Business at Duke University and served as a naval officer on the USS Enterprise.

Advancing Eyecare is a wholly owned portfolio company of Atlantic Street Capital, which formed Advancing Eyecare earlier this year in partnership with Lombart Instrument and Marco Ophthalmic. The group is made up of an alliance of leading ophthalmic instrument providers in North America, including Lombart Instrument, INNOVA Medical Ophthalmics, Enhanced Medical Services and, most recently, Marco Ophthalmic.

“With the addition of Marco Ophthalmic, the Advancing Eyecare group is now truly a ‘one-stop’ solution for eyecare practitioners throughout the United States, Canada, and Mexico,” Staley said. “With our broad range of technology, products, and services, we are uniquely positioned to partner with our customers to help provide the highest possible level of eye care for their patients.”

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Andy Wilkins, managing partner of Atlantic Street Capital, said, “We couldn’t be more delighted with the appointment of Brad. He is a results-oriented, high-integrity leader with an excellent track record of improving service levels, operational efficiency, sales results, and increasing value across a range of PE-backed businesses. Brad’s background and experience, combined with the high quality assets and team at Advancing Eyecare, will bring accelerated benefits for our customers…both in terms of service levels and overall value.”

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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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Sports Eyewear Brand Acquired

Its products include sunglasses, goggles, helmets and prescription eyewear.

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BOSTON, MA — Bollé Brands announced that it has acquired the Spy Optic brand, a move that “signals a strong commitment to playing a leading role in the premium performance sports and sports lifestyle eyewear and helmets markets.”

Financial terms of the deal were not disclosed.

Founded in 1994 and based in Southern California, Spy Optic designs, markets and distributes premium sunglasses, goggles, helmets and prescription eyewear. Spy Optic joins Bollé’s brand portfolio of Bollé, Bollé Safety, Serengeti, Cébé and H2Optix.

“We are excited to have acquired such an amazing brand. SPY Optic has its own unique and irreverent identity with huge growth potential in North America, its home market, and internationally where SPY Optic will leverage our Bollé Brands international distribution network,” said Peter Smith, CEO of Bollé Brands. “Our dedicated approach, support, and investment will drive exciting new developments in product innovation and design which will form the basis of considerable global growth. This new acquisition establishes Bollé Brands as one of the key players in the premium performance sport and lifestyle eyewear and helmets markets.”

Bollé was acquired by A&M Capital Europe in August 2018.

 

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