Friday, June 28, 2019

Vision benefits giant makes a power play in physical store strategy

Chain Store Age
As the lines between health care and retail continue to blur, VSP’s newest deal is poised to give the company a strong foothold in the retail marketplace.

VSP Global, whose businesses include national vision benefits company VSP Vision Care, on Thursday announced that it will acquire San Antonio, Texas-based VisionWorks — the sixth largest optical chain in the United States. In addition to acquiring VisionWorks’ portfolio of more than 700 stores in nearly 40 states, the deal will be the single largest VSP network investment in the company’s 65-year history. . . . more