VSP buying who?

[john-atlanta]

My final answer (guess) is:


CIGNA

Now, that is FUNNY!!!:bbg:

CIGNA

Note that market cap (10.07 BILLion)

[Fezz]

Maybe....just maybe they will...


Buy FezzJohns, Inc.!!!!!!


Oh yeah......Easy Street, here we come!!


:cheers::cheers::cheers::cheers:

[Jacqui]

Maybe....just maybe they will...


Buy FezzJohns, Inc.!!!!!!


Oh yeah......Easy Street, here we come!!


:cheers::cheers::cheers::cheers:

Nah, they're going to buy my lab. I could retire on 700 Million

:cheers:

[bob_f_aboc]

Nah, they're going to buy my lab. I could retire on 700 Million

:cheers:

You might still need to go in at least one day per week. For disposible income...:cheers:

[Andy Bernard]

I don't believe it is a frame company or an insurance company. I am guessing it is a lab and lens manufacturer. Strictly a guess though.

I would guess a lens manufacturer as well. I heard something about a "VSP PAL" ??? There is one sort of smaller lens company with headquarters in Minnesota?? I could see that happening. I am strictly guessing also.

[drk]

I don't see how a lens company helps them

[L.A.B.]

I heard it's a frame company as well but one that actually manufactures. They would have to do that to compete with Lux, which is their goal. Lux has purchased several large manufacturing plants in china so eventually anyone who doesn't manufacture or gets their product in China, will have difficulty getting product.

[snotbagel]

They originally sold themselves as being optometrist owned and operated. now they're just corporate..and selling discount plans, no less..what do we get out of that?????

[Uncle Fester]

They originally sold themselves as being optometrist owned and operated. now they're just corporate..and selling discount plans, no less..what do we get out of that?????

A resounding SMACK followed by a "Thank you sir may I please have another!"

[cocoisland58]

Judging by something odd I recieved when I authorized a patient's benefits yesterday I am going to say NVA.

[john-atlanta]

There are over 600 frame manufacturing plants in China, so it seems impossible that Lux or anyone else could ever buy enough manufacturing capacity in China to affect availability. If anyone tried, the nature of the market is that more manufacturing operations would open to capitalize on the opportunity that created for them.

I heard it's a frame company as well but one that actually manufactures. They would have to do that to compete with Lux, which is their goal. Lux has purchased several large manufacturing plants in china so eventually anyone who doesn't manufacture or gets their product in China, will have difficulty getting product.

[Jacqui]

I still think it's a care provider. Labs, lens companies and frame manufacturers just don't make sense, unless they are buying a number of them.

[Jacqui]

I would guess a lens manufacturer as well. I heard something about a "VSP PAL" ??? There is one sort of smaller lens company with headquarters in Minnesota?? I could see that happening. I am strictly guessing also.

That one is for sale for a lot less. You could start one for less than $700 Million.

[fvc2020]

Hey wanted to throw my 10 cents in. I spoke to my Calvin rep and he said his boss was in closed meetings in NewYork, unable to be reached. he also said that he had heard from another marchon rep that vsp is buying them


christina

[L.A.B.]

I hear it was a done deal today between VSP and Marchon.

[Fezz]

I called Marchon on Friday and asked the customer (dis) service rep if they had been sold to VSP. Right after she gasped loudly....she exclaimed "I sure hope not!".

I said " I sure hope not either!"


;):cheers::bbg::cheers:;)

[Jacqui]

I still say it's a care provider.

[Chris Ryser]

So far it looks like a rumor only...........no press releases available.

Key Marchon Eyewear Financials
Company Type Private -Main Headquarters
Fiscal Year-End December2007
Sales (mil.) $79.1(est.)
2007 Employees 1,055

[optical24/7]

Imho, if VSP were to buy anything, it would be a chain of opticals so it can cut the middleman out.......All you good doctors that have accepted the deal with the devil and built them into this powerhouse. Look at Davis/Highmark/ECCA ( Eyemasters).


Doctors need to stop taking the path of instant gratification...Opening up and taking these stinking "insurance" plans. What happen to the day of hanging your shingle out and building a business? And by the way, there are doctors and opticals out there doing just fine without taking any insurance. You reap what ya sow.....

[Optimonte]

And they say they are a not for profit company, haha

We've been in business 25 years without VSP. We don't want or need them. My father told the VSP rep to get out of his office 25 yrs ago and never looked back. This is why I am still able to offer affordable prices for the people who do not have vision plans. I haven't had to mark up 3 times to make up for the losses taken on vision plans.

Sure wish everyone would tell the plans to take a flying leap. Less paperwork and more profits for the O's

[optical24/7]

And they say they are a not for profit company, haha

We've been in business 25 years without VSP. We don't want or need them. My father told the VSP rep to get out of his office 25 yrs ago and never looked back. This is why I am still able to offer affordable prices for the people who do not have vision plans. I haven't had to mark up 3 times to make up for the losses taken on vision plans.

Sure wish everyone would tell the plans to take a flying leap. Less paperwork and more profits for the O's

:cheers::cheers::cheers:

welcome to Optiboard!

[Johns]

And they say they are a not for profit company, haha

We've been in business 25 years without VSP. We don't want or need them. My father told the VSP rep to get out of his office 25 yrs ago and never looked back.

I think your father misunderstood that rep. The rep promised to make your optical a "non-profit" enterprise. They certainly planned (and succeeded in taking/making plenty of profits!

Here's to you and your father!:cheers:

[VisionAiry]

Does make me wonder if I'm going to quit marchon eventually. IMO buying vision "insurance" is for suckers and "accepting" it is for suckers as well. It just plays along with the old "self employed" persons false idea that it's a good idea to try to "make it up on volume". It can help get a place started but it's a herculean feat to break the addiction once you're up & running. A busy practice drives good paying customers away. The best customers, even those with "insurance", will come to you anyway regardless of whether you "accept" it or not. They don't care about $100 when they're spending $1000+. They want to do biz w/someone they trust.

[cocoisland58]

It's Marchon. Got it from one who knows. Pretty much a done deal.

[Uncle Fester]

It's Marchon. Got it from one who knows. Pretty much a done deal.

Marchon's silence is speaking volumes!

How's the market like it?

WOW- Maybe I should've said 4,000!!