It’s buying 'the first push informatics service in the eyecare industry.'
CORAL SPRINGS, FL – ABB Optical Group, a national supplier of optical products and services for the eyecare industry, has agreed to acquire Glimpse Live, a data and analytics provider for eyecare professionals and other healthcare practitioners.
Terms of the deal were not disclosed.
Headquartered in Jacksonville Beach, FL, Glimpse is the first "push" informatics service in the eyecare industry, according to a press release. It is designed to help business owners measure and track performance, identify growth opportunities, forecast trends and compare results among peers. The software securely integrates with electronic health records and practice management systems to provide in-depth analytics, live benchmarking, employee productivity tracking, monthly SWOT reports and daily metrics.
Casey Hedberg, who founded Glimpse in 2013, will become managing director of Glimpse.
"There is tremendous synergy between ABB OPTICAL and Glimpse," Hedberg. "We are culturally aligned in operations, strategies and core values. We are both committed to providing eye care practitioners with the tools they need to succeed in business and to offering exceptional customer service. By integrating into ABB’s full-service optical platform, our team is going to be able to continue innovating and investing in leading-edge, healthcare information technologies to deliver new, best-in-class products and even more value to our customers."
As a result of the acquisition, ABB Optical is enhancing its ability to provide industry-leading data and practice management solutions, according to the release.
Brad Weinbrum, president of ABB Optical, said Glimpse is a "fantastic fit" for his company.
"By providing practices with a full range of metrics, including frames and lens sales in addition to contact lens trends, we will help eye practitioners accelerate their growth and drive an increase in profitability," he said.
According to Glimpse, practices that use its software everyday experience growth of 15 to 30 percent on average. In a study of representative Glimpse customers, patient revenue grew by an average of $50,000 year-over-year.