Visionworks

Last updated
Visionworks
Type Private, subsidiary
Industryeyewear/optical retailing
Founded1988 (1988)
Headquarters175 E. Houston Street
San Antonio, Texas 78205
United States
Number of locations
approx. 699 (as of 2015), [1] [2] operated under various trade names (not the ECCA name)
Area served
United States
Key people
(CEO) Peter Bridgeman
Number of employees
8,000 [2]
Parent VSP Global
Website https://www.visionworks.com/
A Visionworks location in a strip mall in Hillsboro, Oregon Visionworks in Tanasbourne - Hillsboro, Oregon.JPG
A Visionworks location in a strip mall in Hillsboro, Oregon

Visionworks of America, Inc. (formerly known as Doctors' Value Vision) is an American company which operates or manages 711 optical retail stores in 40 U.S. states and the District of Columbia. [1] [2] [3] The company was incorporated in 1988. It is based in Downtown San Antonio, Texas, and has about 8,000 employees.

Visionworks of America was once a subsidiary of HVHC, a Highmark Inc. company. [4] Visionwork's former parent company, ECCA Holdings Corp., merged with Pittsburgh-based HVHC in 2006, resulting in Eye Care Centers of America Inc. becoming a wholly owned Highmark subsidiary. [5] ECCA had 385 stores, in 36 states, at that time. [5]

All stores sell frames, lenses, sunglasses and accessories. Comprehensive service offerings include contact lens dispensing, in-store labs, and doctors of optometry at or next to every store. Visionworks also sells contact lenses online. [3]

On June 27, 2019, VSP Global announced plans to acquire Visionworks. [6] The acquisition was completed on October 1, 2019. [7]

Related Research Articles

<span class="mw-page-title-main">Saks Fifth Avenue</span> Multinational department store chain founded in the United States

Saks Fifth Avenue is an American luxury department store chain headquartered in New York City and founded by Andrew Saks. The original store opened in the F Street shopping district of Washington, D.C. in 1867. Saks expanded into Manhattan with its Herald Square store in 1902 and flagship store on Fifth Avenue in 1924. The chain was acquired by Tennessee-based Proffitt's, Inc. in 1998, and Saks, Inc. was acquired by the Canadian-founded Hudson's Bay Company (HBC) in 2013.

Albertsons Companies, Inc. is an American grocery company founded and headquartered in Boise, Idaho.

<span class="mw-page-title-main">Bausch & Lomb</span> Canadian eye health company

Bausch + Lomb is an American health products company based in Bridgewater, New Jersey, United States. It is one of the world's largest suppliers of contact lenses, lens care products, pharmaceuticals, intraocular lenses, and other eye surgery products. The company was founded in Rochester, New York, in 1853 by optician John Bausch and cabinet maker turned financial backer Henry Lomb. Until its sale in 2013, Bausch + Lomb was one of the oldest continually operating companies in the United States.

<span class="mw-page-title-main">Valero Energy</span> U.S. energy company

Valero Energy Corporation is a Fortune 500 international manufacturer and marketer of transportation fuels, other petrochemical products, and power. It is headquartered in San Antonio, Texas, United States. Throughout the United States and Canada, the company owns and operates 15 refineries, and one in Wales, with a combined throughput capacity of approximately 3 million barrels (480,000 m3) per day, 11 ethanol plants with a combined production capacity of 1.2 billion US gallons (4,500,000 m3) per year, and a 50-megawatt wind farm. Before the 2013 spinoff of CST Brands, Valero was one of the United States' largest retail operators with approximately 6,800 retail and branded wholesale outlets in the United States, Canada, United Kingdom, and the Caribbean under the Valero, Diamond Shamrock, Shamrock, Beacon, and Texaco brands.

American Eagle Outfitters, Inc., also known as American Eagle, is an American lifestyle, clothing, and accessories retailer headquartered at SouthSide Works in Pittsburgh, Pennsylvania. It was founded in 1977 by brothers Jerry and Mark Silverman as a subsidiary of Retail Ventures, Inc., a company that also owned and operated Silverman's Menswear. The Silvermans sold their ownership interests in 1991 to Jacob Price of Knoxville, Tennessee. American Eagle Outfitters is also the parent company of Aerie.

<span class="mw-page-title-main">PNC Financial Services</span> Major bank based in Pittsburgh

The PNC Financial Services Group, Inc. is an American bank holding company and financial services corporation based in Pittsburgh, Pennsylvania. Its banking subsidiary, PNC Bank, operates in 27 states and the District of Columbia, with 2,629 branches and 9,523 ATMs. PNC Bank is on the list of largest banks in the United States by assets and is one of the largest banks by number of branches, deposits, and number of ATMs.

<span class="mw-page-title-main">Shopko</span> Defunct chain of retail stores

Shopko was a chain of department stores based in Green Bay, Wisconsin. All locations closed on June 23, 2019, with the exception of the Shopko Optical locations, which continue to operate.

SuperValu, Inc. was an American wholesaler and retailer of grocery products. The company, formerly headquartered in the Minneapolis suburb of Eden Prairie, Minnesota, had been in business since 1926. It is a wholly owned subsidiary of United Natural Foods (UNFI).

<span class="mw-page-title-main">Alcon</span> American Based Eye Pharmaceutical Company

Alcon is an American Swiss medical company specializing in eye care products with headquarters in Geneva, Switzerland, and incorporated in Fribourg, Switzerland. Alcon began as a US company and its US subsidiary’s headquarters remain in Fort Worth, Texas, where the Alcon division of the company was founded.

Bausch Health Companies Inc. is a Canadian multinational specialty pharmaceutical company based in Laval, Quebec, Canada. It develops, manufactures and markets pharmaceutical products and branded generic drugs, primarily for skin diseases, gastrointestinal disorders, eye health and neurology. Bausch Health owns Bausch & Lomb, a supplier of eye health products.

<span class="mw-page-title-main">Highmark</span> American Healthcare non-profit

Highmark is an American non-profit healthcare company and Integrated Delivery Network based in Pittsburgh, Pennsylvania, United States. It is a large individual not-for-profit health insurer in the United States, which operates several for-profit subsidiaries.

Builders Square was a big-box home improvement retailer headquartered in San Antonio, Texas. A subsidiary of Kmart, its format was quite similar to The Home Depot, Menards, and Lowe's with floor space of about 100,000 square feet (9,300 m2), and inventories in excess of 35,000 different items. In 1997, a Los Angeles leveraged buyout specialist acquired Builders Square and merged it with Hechinger but the new combined company failed to thrive and all remaining stores ceased business operations by the end of 1999.

Essilor International is a French-based international ophthalmic optics company that designs, manufactures and markets lenses to correct or protect eyesight. Its headquarters is in Charenton-le-Pont, France.

<span class="mw-page-title-main">Topcon</span>

Topcon Corporation is a Japanese manufacturer of optical equipment for ophthalmology and surveying.

New rue21, LLC (rue21) is an American specialty retailer of women's & men's casual apparel and accessories headquartered in the Pittsburgh suburb of Warrendale, Pennsylvania. Its clothes are designed to appeal to people who desire, wish, or feel to be 21. In 2013, Apax Partners, a global private-equity firm, acquired the company by funds advised for $42.00 per share in cash. rue21 filed for Chapter 11 bankruptcy protection on May 16, 2017, and emerged on September 22, 2017, after the company's reorganization plan was confirmed by the U.S. Bankruptcy Court for the Western District of Pennsylvania. New owners include hedge funds BlueMountain Capital Management, Southpaw Asset Management and Pentwater Capital Management.

Johnson & Johnson Vision (JJV) is a subsidiary of Johnson & Johnson and is composed of two divisions, Johnson & Johnson Surgical Vision and Johnson & Johnson Vision Care. Services include Intraocular lenses, laser vision correction systems, phacoemulsification systems, viscoelastic, Microkeratomes and related products used in cataract and refractive surgery.

<span class="mw-page-title-main">Kinetic Concepts</span>

Kinetic Concepts, Inc., (KCI) is a global corporation that produces medical technology related to wounds and wound healing. KCI produced the first product developed specifically for negative pressure wound therapy. In 2013, the company employed 5,000 people and marketed its products in more than 25 countries. Its headquarters is in San Antonio, Texas.

VSP Vision Care (VSP) is a vision care health insurance company operating in Australia, Canada, Ireland, the United States, and the United Kingdom. It is a doctor-governed company divided into five businesses: “eye care insurance, high-quality eyewear, lens and lens enhancements, ophthalmic technology, and connected experiences to strengthen the relationship between patients and their eye doctors.” It has about 80 million people worldwide and is the largest vision insurance company in the United States.

<span class="mw-page-title-main">Stiefel Laboratories</span> American corporation

Stiefel Laboratories is an American dermatological pharmaceutical company, with its global headquarters in Research Triangle Park, North Carolina. It makes products such as Duac and Oilatum. Stiefel was acquired by GlaxoSmithKline at a price of $2.9 billion. The company was founded in 1847 by John David Stiefel, Ferdinand von Hebra and Paul Unna, who initially created medicated soaps.

<span class="mw-page-title-main">Acelity</span> Privately held medical device company

Acelity L.P. Inc., was a privately held medical device company. It was a non-operating holding company whose wholly owned subsidiaries developed advanced wound therapeutics products. The advanced wound therapeutics business was conducted by Kinetic Concepts, Inc. (KCI) and its subsidiaries, including Systagenix.

References

  1. 1 2 "Eye Care Centers of America hires new president, chief medical officer". San Antonio Business Journal . December 4, 2009. Retrieved July 4, 2011.
  2. 1 2 3 "Eye Care Centers of America, Inc". Bloomberg Businessweek. 2009. Retrieved July 4, 2011.
  3. 1 2 "Visionworks Teams Up with ABC's "The Chew" to Accessorize Carla Hall". BusinessWire. 11 March 2015. Retrieved 8 June 2015.
  4. "Visionworks plans two store openings". Pittsburgh Business Times . September 23, 2010. Retrieved July 4, 2011.
  5. 1 2 "Highmark completes merger with Eye Care Centers of America". San Antonio Business Journal . August 6, 2006. Retrieved July 4, 2011.
  6. Global, V. S. P. "VSP Global Enters Into Definitive Agreement To Acquire Visionworks". www.prnewswire.com.
  7. Global, V. S. P. "VSP Global Completes Visionworks Acquisition". www.prnewswire.com.