Essilor to acquire Vision Source
Essilor, a manufacturer of optical lenses, has agreed to acquire Vision Source, a network of independent optometrists, Vision Source announced today.
Vision Source will retain its current leadership team and will continue to be handled as an independent company, according to the press release.
“This partnership brings together the global leader in the lens market with the leading U.S. platform of products and services for independent eye care professionals,” Glenn Ellisor, OD, founder and executive chairman of Vision Source, said in the release. “We’re certain that the expertise and resources that this new relationship offers our members will further bolster the success of their practices. We could not ask for a better organization to join forces with as we lead Vision Source into the future.”
“Our partnership with Vision Source is part of our overall strategy to offer eye care professionals (ECPs) choice in new and innovative solutions, business tools, services and products they need to enhance the patient experience,” Eric Leonard, president, of Essilor of America Inc., said in the release. “We believe in the current Vision Source leadership and are committed to their strategy of supporting independent ECPs in providing improved patient outcomes. We believe, working together, Essilor and Vision Source will enhance independent optometry by reducing the complexity and risk associated with managing the practice of the future.”
According to the release, the agreement is still subject to standard regulatory approvals.