Connect with us

Headlines

Fast-Growing Chinese Eyecare Chain Targets US for Expansion

mm

Published

on

It currently has one U.S. location.

Aier Eye Hospital, a company that operates over 170 locations in China, is looking to the U.S. for growth, Forbes contributor Ellen Sheng reports.

In China, the company’s business model involves running eye hospitals in smaller cities and underserved areas. It will use the same approach in the U.S., according to Forbes.

Aier last year set up a U.S. subsidiary called Aier (U.S.A.) International Holdings Inc. and has since bought Wang Vision Institute in Nashville. The laser vision center is the practice of Dr. Ming Wang, an eye surgeon who is serving as CEO of the U.S. subsidiary.

The goal for now is to open locations in other Tennessee communities, Forbes reports. After that, Aier will consider building or buying eye hospitals nationwide.

Advertisement

Wang told Forbes that the U.S. clinics will “will have significant elective out-of-pocket paying procedures.”

The U.S. subsidiary has an initial fund of $50 million, according to the Tennessean.

The company “is building 20 hospitals a month in China with a goal of having 1,000 eye hospitals in the next few years,” the newspaper reports.

Aier also operates more than 75 locations in Europe, according to Forbes. In all, it employs 25,000 people.

Read more at Forbes

Advertisement

SPONSORED VIDEO

SPONSORED BY ESSILOR

Introducing CrizalⓇ Rock™

Did you know three out of four people wipe their lenses on their clothes?* Or that one out of three people accidentally drop their glasses at least once a week?* It's no surprise, then, that 93 percent of wearers consider scratch-resistance an important characteristic when choosing lenses.* To prove the durability of new Crizal Rock lenses, we ran tests inspired by real life situations. To learn more about new Crizal Rock, the most scratch-resistant Crizal No-Glare lenses ever made, visit EssilorPRO.com/Crizal-Rock. *Study conducted by ⒸIpsos - Risky behaviors of eyeglass wearers - consumer quantitative research 2019 - declarative results - USA - n= 2345 eyeglass wearers

Promoted Headlines

Advertisement

Advertisement

Subscribe

INVISIONMAG.COM
BULLETINS

Get the most important news and business ideas for eyecare professionals every weekday from INVISION.

Advertisement

Most Popular