Connect with us

Headlines

Eyecare Equipment Firms Will Combine to Form New Company

It will be called Advancing Eyecare Holdings.

mm

Published

on

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.

Podcast: More Ways to Motivate Your Own Eyecare Business Team
INVISION Podcast

Podcast: More Ways to Motivate Your Own Eyecare Business Team

Podcast: Why Can’t We All Just Get Along?
INVISION Podcast

Podcast: Why Can’t We All Just Get Along?

Podcast: Try Not to Blink Talks About the Business of Cannabis, and Its Role in Modern Healthcare
Try Not to Blink

Podcast: Try Not to Blink Talks About the Business of Cannabis, and Its Role in Modern Healthcare

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.

Advertisement

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.”

Advertisement

SPONSORED VIDEO

SPONSORED BY WALMAN OPTICAL

Don’t Lose Patients to Online

In this compelling video, Dr. Mile Brujic of Premier Vision Group discusses all the ways that your practice beats the online competition—hands down! The formula for success? Don’t sell yourself short and acknowledge all the benefits that you, as a provider, give to your patients.

Promoted Headlines

Want more INVISION? Subscribe to our newsletter.

Comment

Headlines

Meditation Might Help Treat a Common Eye Disease, Study Suggests

It could serve as an adjunct to medications.

mm

Published

on

Meditation may be helpful in treating glaucoma, a new study suggests.

The research found that a short course of mindfulness-based stress reduction by meditation reduced intraocular pressure, normalized stress biomarkers and positively modified gene expression in patients with primary-open angle glaucoma, the American Optometric Association reports.

Podcast: More Ways to Motivate Your Own Eyecare Business Team
INVISION Podcast

Podcast: More Ways to Motivate Your Own Eyecare Business Team

Podcast: Why Can’t We All Just Get Along?
INVISION Podcast

Podcast: Why Can’t We All Just Get Along?

Podcast: Try Not to Blink Talks About the Business of Cannabis, and Its Role in Modern Healthcare
Try Not to Blink

Podcast: Try Not to Blink Talks About the Business of Cannabis, and Its Role in Modern Healthcare

The research was published in the Journal of Glaucoma. It suggests a possible role for meditation as an adjunctive clinical therapy.

The findings “provide tantalizing insight about a therapeutic option that may accompany tried-and-true pharmaceuticals, as well as hint at the role stress may play in glaucoma,” according to AOA.

Researchers “hope this latest study can validate another option for helping prevent irreversible optic nerve head damage.”

Advertisement

For the study, researchers enrolled 90 primary-open angle glaucoma patients and directed a study group to 21 days of daily, hour-long mindfulness meditation under the supervision of a certified meditation teacher.

The researchers said future studies should address how long the changes last and whether mindfulness meditation helps visual field function over time.

Read more at the AOA

Continue Reading

Headlines

Lens and Frame Maker Names CEO

He began the role on Feb. 1.

mm

Published

on

MUNICH – The Rodenstock Group, a manufacturer of ophthalmic lenses and frames, has named Anders Hedegaard as its CEO.

The appointment was effective Feb. 1. He follows Oliver Kastalio, who has led the company since 2010 and will take on a new professional challenge.

Podcast: More Ways to Motivate Your Own Eyecare Business Team
INVISION Podcast

Podcast: More Ways to Motivate Your Own Eyecare Business Team

Podcast: Why Can’t We All Just Get Along?
INVISION Podcast

Podcast: Why Can’t We All Just Get Along?

Podcast: Try Not to Blink Talks About the Business of Cannabis, and Its Role in Modern Healthcare
Try Not to Blink

Podcast: Try Not to Blink Talks About the Business of Cannabis, and Its Role in Modern Healthcare

Hedegaard joins from the GN Store Nord A/S in Denmark, where he was CEO of GN Hearing, a producer of hearing aid technologies. Hedegaard has a broad background in the global life science and healthcare sector.

“I’m delighted to join Rodenstock as CEO,” Hedegaard said. “The company has a long tradition and strong reputation. It manufactures and distributes world-class products, utilizing most innovative technologies and has a huge growth potential.”

Kastalio stated: “I have successfully managed Rodenstock’s turnaround over the past years and set the course for further growth in the eye health sector through the introduction of leading technologies like DNEye. Now is the time to hand over management with a clear conscience.”

Founded in 1877 with its headquarters in Munich, Rodenstock employs around 4,900 people worldwide and is represented with sales offices and distribution partners in more than 85 countries. It maintains production plants at 15 locations in 13 countries.

Continue Reading

Headlines

Burglar Steals $8K in Eyewear

He broke through a window to enter the business.

mm

Published

on

Someone smashed through the window at an eyecare business in Boynton Beach, FL, and made off with $8,000 worth of designer frames.

A man was caught on surveillance camera committing the crime at Palm Beach Eyes, WSVN-TV reports.

Podcast: More Ways to Motivate Your Own Eyecare Business Team
INVISION Podcast

Podcast: More Ways to Motivate Your Own Eyecare Business Team

Podcast: Why Can’t We All Just Get Along?
INVISION Podcast

Podcast: Why Can’t We All Just Get Along?

Podcast: Try Not to Blink Talks About the Business of Cannabis, and Its Role in Modern Healthcare
Try Not to Blink

Podcast: Try Not to Blink Talks About the Business of Cannabis, and Its Role in Modern Healthcare

Police believe the culprit is in his early 60s.

He used a blunt instrument to shatter the window, police say. It took him several tries to break through.

Advertisement

He targeted Tom Ford brand frames.

Police believe the culprit cased the store for four days before burglarizing it. He remains at large.

Read more at the WSVN-TV

Continue Reading

Advertisement

Advertisement

Advertisement

Most Popular