RANCHO CORDOVA, CA — VSP Vision Care has acquired Community Eye Care, a North Carolina-based vision benefits company that manages vision plans on behalf of employer groups and health insurers and has 252,000 members. Through this acquisition, VSP is expanding its business in the Southeastern U.S.
CEC “will continue to operate independently to grow its business while both sides assess future integration and expansion opportunities,” according to a press release.
Financial terms of the deal were not disclosed.
“This acquisition is a part of our broader strategy of accelerating membership growth to help fulfill our vision of providing access to affordable, high-quality eye care and eyewear to more people,” said Kate Renwick-Espinosa, president of VSP Vision Care.
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Amy Eatmon, president of Community Eye Care, said, “We are excited to grow Community Eye Care with VSP’s support while also remaining focused on what we do best, which is offering affordable vision plans that are easy to understand, administer and use.”
CEC was founded in 1998 by Dr. Stephen Pollock, MD, and Dr. Marvin Schrum, OD. Its portfolio of clients includes hospitals, financial institutions, city and county governments, school systems, manufacturers and retailers.