Vision Source
 | |
| 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 an optometric service network of independent optometrists headquartered in Kingwood, Houston, Texas, USA. The company was founded by Glenn Ellisor, O.D. in 1991.
Vision Source is considered a franchisor in accordance to franchise law, and its members are franchisees who own their respective practice. In 2014, Vision Source members reported a combined $2,212,900,000 in retail sales, professional services, and managed vision benefits, making them the second largest optical retailer in the U.S. for 2014.[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
- ^ "VM Top 50 U.S. Optical Retailers" (PDF). Vision Monday. Retrieved 9 October 2015.
- ^ "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.