VSP buying who?

[Fezz]

Just got of the phone......Customer (dis)-Service knows nothing about. They seemed rather surprised.

Maybe I'll call Altair and see how they feel about maybe being second best?

I kid...I kid.....

:bbg::cheers::shiner::cheers::D

[Jacqui]

It still makes no sense to me to buy a frame company first. It would seem better to buy the outlets. where VSP is used the most, and use them as leverage to get a better deal on the frame and/or lens company. Just my opinion.

[optical24/7]

Posted on V-mail today.

VSP Vision Care recently filed with California’s Department of Managed Health Care for approval of a planned $700 million acquisition of “all of the outstanding stock of a vision care company,” unnamed in the filing.

In a note to a financial statement filed with the department for the period ended March 31, VSP said it had entered into a definite agreement on April 30 to acquire the unnamed company, with financing for the purchase to be funded “through a combination of available cash and debt which is in the process of being arranged.”

The California filing said VSP also would file with the Connecticut Department of Insurance, and that “the acquisition is pending and subject to receiving such approvals.”

VSP executives declined to comment on the California filing; a company spokesman said VSP “can't comment on a filing that is still pending.” The spokesman also would not identify the other firm involved.

VSP has been in a strong expansion mode since last fall, first making an equity investment in Perfect Optics in Vista, Calif., then acquiring Legends 4.0, located near Dallas. On June 5, VSP announced it had acquired Tri-City Optical in Clearwater, Fla., in partnership with Carl Zeiss Vision, as well.

Rob Lynch, VSP’s president and chief executive officer, has publicly stated that the company is considering other lab acquisitions, possibly in partnership with lens suppliers. In a related development, VSP launched a private label line of progressive lenses this week.

I agree with Jacqui, I don't think it's Marchon. The above is the 1st post on this thread. The best I could pin down is that Marchon had aprox. 79.1 million in sales....Why would anyone buy a company for almost 10 times annual sales? It also says purchasing outstanding stock. Marchon is not a publicly traded company. It also says they filed in Ca. and Ct. Marchon isn't there, it's in NY. It just dosn't add up to Marchon, imho.

[Uncle Fester]

I agree with Jacqui, I don't think it's Marchon. The above is the 1st post on this thread. The best I could pin down is that Marchon had aprox. 79.1 million in sales....Why would anyone buy a company for almost 10 times annual sales? It also says purchasing outstanding stock. Marchon is not a publicly traded company. It also says they filed in Ca. and Ct. Marchon isn't there, it's in NY. It just dosn't add up to Marchon, imho.

Can we someway, somehow, please--- get a femme fatale involved?

[Jacqui]

Can we someway, somehow, please--- get a femme fatale involved?

I'm here :D:D

[Jacqui]

If you read the statement, it says vision care company.

[optical24/7]

Can we someway, somehow, please--- get a femme fatale involved?

A film noir produced by FezzJohns!
Shot in Colmascope Color!

Staring… 24/7
With Jacqui as femme fatale :)
In…..

The VSP Peccadillo

The scene: Smoke filled backroom of Pence Nez Optical, midnight.
24/7 kicks back in his chair. Jacqui sits cross legged on the desk, seductively……

24: Have ya heard?

Jac: Heard what?

24: VSP’s up to it again.

Jac: Again?

24: Again.

Jac: What did you hear?

24: They’re buyin’ something.

Jac: Buyin’ something?

24: Buyin’ something…..700 million clams of something….

Jac: Where’d you hear about it?

24: Back ally..

Jac: Fester?

24: Yea, Fester…

Jac: Is he reliable?

24: He was right about the Cruxlite Caper..

Jac: Cruxlite Caper?

24: Yep.. Cruxlite Caper.

Jac: What was that about?

24: Someone started callin’ it Rose #1.….

24: Let’s blow this joint..

Jac: Yea, let’s get outta here.

24: Got a cigarette?

Jac: Only cigars..



24/7 and Jacqui exit, stage left……….




:cheers::cheers::cheers:

[bob_f_aboc]

A film noir produced by FezzJohns!
Shot in Colmascope Color!

Staring… 24/7
With Jacqui as femme fatale :)
In…..

The VSP Peccadillo

The scene: Smoke filled backroom of Pence Nez Optical, midnight.
24/7 kicks back in his chair. Jacqui sits cross legged on the desk, seductively……

24: Have ya heard?

Jac: Heard what?

24: VSP’s up to it again.

Jac: Again?

24: Again.

Jac: What did you hear?

24: They’re buyin’ something.

Jac: Buyin’ something?

24: Buyin’ something…..700 million clams of something….

Jac: Where’d you hear about it?

24: Back ally..

Jac: Fester?

24: Yea, Fester…

Jac: Is he reliable?

24: He was right about the Cruxlite Caper..

Jac: Cruxlite Caper?

24: Yep.. Cruxlite Caper.

Jac: What was that about?

24: Someone started callin’ it Rose #1.….

24: Let’s blow this joint..

Jac: Yea, let’s get outta here.

24: Got a cigarette?

Jac: Only cigars..



24/7 and Jacqui exit, stage left……….




:cheers::cheers::cheers:

It's ok. Not every script is good. As long as you have a carreer in opticianry to fall back on. Keep on writing.

[optical24/7]

It's ok. Not every script is good. As long as you have a carreer in opticianry to fall back on. Keep on writing.

Hey, that's nothing. Wait till you see the dirctors cut!!!


:D:cheers::D

[fvc2020]

bad choice of info

christina

[drk]

I've heard from a reputable source that this is a done deal...

[Johns]

I've heard from a reputable source that this is a done deal...

I have too, but when's the official announcment? I've got some product to lose!

[Bethbabie]

Well I have heard through the grapevine that Altair has bought Marchon for
700 million. So my guess this has something to do with Luxottica buying eyemed now these two will be the major players. I'm sure Colevision will be the next to get into the game if they have not already. So I could be wrong, but I'm sure I'm not.

[Johns]

I'm sure Colevision will be the next to get into the game if they have not already. So I could be wrong, but I'm sure I'm not.

"Colevision" is Lux.

[Fezz]

I'm sure Colevision will be the next to get into the game if they have not already. So I could be wrong, but I'm sure I'm not.

;):cheers::hammer::cheers::shiner:

[Judy Canty]

Well I have heard through the grapevine that Altair has bought Marchon for
700 million. So my guess this has something to do with Luxottica buying eyemed now these two will be the major players. I'm sure Colevision will be the next to get into the game if they have not already. So I could be wrong, but I'm sure I'm not.

Actually, LensCrafters Vision Care Management Systems became EyeMed.

[Bethbabie]

I did not know that Colevsion and Luxxottica are one and the same. Learn something new everyday on this site. Well now what VSP is doing makes more sense and Marchon's officemate and Eyefinity will soon be altogether. I'm just
wondering if anyone else thinks this looks strange. This deal may change everthing or nothing.

[optical24/7]

This deal may change everthing or nothing.

It's gonna change my vendor line-up.

[Fezz]

It's gonna change my vendor line-up.

Not mine!

;):cheers::p:cheers::D

[Johns]

Driving home from the office, I got to thinking about this Marchon/VSP thing.

How can an insurance company that has continued to exclude opticians from participating, expect to run a company, that depends (to some extent) on opticians for their livlihood? Now, granted, opticians aren't the biggest source of income for Marchon, but I'm sure that if you took optician sales away, it would have some impact on their bottom line.

Ok, so now you can say that Lux did it, and everybody forgot they were the enemy in no time, and business went on as usual. The difference here was that Lux purchased the retail component that feeds the manufactury that they already had in place. VSP is buying a distributor, that does not have a retail component to feed into it. A portion of the retail component (opticians and chains) have been ostricized by them.

Now, do you think that it's possible that VSP could come to opticians with their hat in their hands (yeah right) and invite opticians to join the panel? After all, they are not a not for profit anymore, and could probably benefit from an increase in providers.

Or, will they pull back and offer the Marchon products exclusively to VSP panel providers, as a benefit (ha, ha) to being a panel provider.

I for one do not carry any Altair frames, even those disguised (Tommy Bahama) as mainstream. If this deal is for real, then the names Altair, Nike, Marchon, Coach, Fendi, and many others area all interchangeable, and have no place in my office.

[Chris Ryser]

I for one do not carry any Altair frames, even those disguised (Tommy Bahama) as mainstream. If this deal is for real, then the names Altair, Nike, Marchon, Coach, Fendi, and many others area all interchangeable, and have no place in my office.

Good thinking....................but so far this thread is nothing than a rumor mill

[Craig]

Good thinking....................but so far this thread is nothing than a rumor mill

I was told that this is a done deal. :cheers: Will be announced shortly.

Hold on to your hat's; there may be more to come in the near future! There are a few players with tons of cash to spend and they are continuing to look at all possible suitors.

What we thought could never happen to the optical industry over the past 15 years, is only going to see more consolidation of service and companies. The frame business is the only one left with many small companies. There are only a few players in retail, labs and lenses. Frames are next and the others are not done either.

Essilor will buy more optical companies; they have $$$ to spend.

Craig

[Lee H]

I heard it will be announced August 15th

[Jacqui]

I still don't think it's a frame co.

[Johns]

Good thinking....................but so far this thread is nothing than a rumor mill

Note that I said "If this deal is for real..."