Company Research Report: Advancing Eyecare™

Company Overview

• Name: Advancing Eyecare™

• Mission: Committed to advancing eyecare by improving the health of practices and increasing positive patient outcomes through expert ophthalmic instrumentation and services.

• Date Founded and Founders: No information is available.

• Key People:

• Jim McGrann, Chief Executive Officer

• David Spear, President and Chief Strategy Officer

• Peter Lothes, Global Chief Operating Officer

• Headquarters: 11825 Central Parkway, Jacksonville, FL 32224

• Number of Employees: No information is available.

• Revenue: No information is available.

• What the Company is Known For: Leading provider of ophthalmic instruments and services with the broadest product portfolio, extensive network of service technicians, certified pre-owned equipment, and comprehensive financing solutions.

Products

• Lane and Advanced Technology Instruments

• Offers a range of high-tech diagnostic and classical lane equipment designed for ophthalmic practices.

• Diagnostic Equipment

• Marco provides automated refraction systems and dry eye technology as part of its high-tech diagnostic equipment.

• Optical Finishing Equipment

• Santinelli International leads in optical finishing equipment offering supplies through its Sios division.

• Pre-Owned Equipment

• Enhanced Medical Services (EMS) offers the largest selection of certified pre-owned lane and diagnostic instruments in the US.

• Key Products:

• Marco Lombart: Offers advanced ophthalmic technology and equipment.

• Eyefficient: Provides well-made, affordable diagnostic instruments.

• Santinelli International: Supplies optical finishing equipment.

• INNOVA Medical Ophthalmics: Comprehensive diagnostic instruments in Canada.

• S4Optik: Manufactures high-quality diagnostic equipment and accessories.

Recent Developments

• Acquisitions and Mergers:

• Acquisition of Eyefficient on July 30, 2024, to expand reach in ophthalmic equipment.

• Marco Healthcare and Lombart Healthcare merge to form Marco Lombart on June 19, 2024, enhancing product offerings.

• Acquisition of Veatch Ophthalmic Instruments on November 11, 2022, to strengthen the national footprint.

• Leadership Changes:

• Jim McGrann appointed as Chief Executive Officer in September 2023.

• David Spear appointed as President and Chief Strategy Officer in September 2023.

• Peter Lothes appointed as Global Chief Operating Officer on July 11, 2022.

• Exclusive Agreements:

• Exclusive distribution agreement with Pure&Clean® Vision for Hypochlorous Acid Products on May 31, 2023.

• Other Initiatives:

• Cornell Capital acquisition of Advancing Eyecare on May 9, 2022, to support growth initiatives and service enhancements.

Conclusion

Advancing Eyecare™ is a pivotal player in the ophthalmic equipment industry, known for its broad product portfolio and extensive service network. While financial specifics and founder details remain undisclosed, the company's strategic acquisitions, such as Eyefficient and Veatch, and leadership appointments highlight its growth agenda. The exclusive distribution agreements and ability to supply both new and pre-owned equipment underline their commitment to offering comprehensive solutions to eyecare providers, positioning Advancing Eyecare™ as a reliable and innovative force in enhancing patient and practice outcomes.