Vision Source is an optometric service network of independent optometrists headquartered in Kingwood, Houston, Texas, US, owned by EssilorLuxottica since 2015. The company was founded by Glenn Ellisor, O.D. in 1991.
 | |
| Company type | Limited partnership |
|---|---|
| Industry | Eye care |
| Founded | 1991 |
| Founder | Glenn Ellisor, O.D. |
| Headquarters | , |
Key people | Jim Greenwood (President, CEO) |
| Website | visionsource |
Vision Source is considered a franchisor in accordance to franchise law, and its members are franchisees, who own their respective practice. In 2015, Vision Source members reported a combined $2,511,500,000 in retail sales, professional services, and managed vision benefits, making them the second largest optical retailer in the U.S. for 2015, behind Luxottica.[1]
Optometrists pay Vision Source a fee based on the percentage of the practice's gross income.[2] In exchange, Vision Source provides optometrists access to new technologies, practice management tools, marketing assistance, and supply chain programs.[3]
Brazos Equity Partners LLC invested in Vision Source in 2011 to support the company's growth.[4]
In 2015, the U.S. subsidiary of Essilor International acquired Vision Source from Brazos Equity Partners LLC for an undisclosed amount.[5]
References
edit- ^ "Key Optical Players Ranked by U.S. Sales in 2015". www.visionmonday.com.
- ^ "Not a traditional franchise, Vision Source focuses on the private practitioner". Primary Care Optometry News. Healio. December 2000. Retrieved 14 October 2015.
- ^ Collins, Allison (30 July 2015). "Essilor Tries On Brazos-Backed Vision Source". Mergers & Acquisitions. SourceMedia. Retrieved 8 October 2015.
- ^ Wollam, Allison (15 April 2011). "Dallas PE firm buys into Vision Source". Houston Business Journal. The Business Journals. Retrieved 8 October 2015.
- ^ Furr, Laura (4 August 2015). "Vision Source optometry group to be purchased by French manufacturer". Houston Business Journal. The Business Journals. Retrieved 8 October 2015.