Managed Care

Highmark-Centerbridge Deal Will Create 33-Million Member Managed Vision Care Entity

SAN ANTONIO, Texas—A Highmark Health deal with Centerbridge Partners—announced earlier today and reported by VMail—will create a new managed vision care company that combines Davis Vision and Centerbridge’s Superior Vision to create a new entity with 33 million covered members, according to executives of the two companies. Highmark and Centerbridge also will jointly control the 700-store Visionworks optical retail business under the terms of their agreement, which is expected to close in the fourth quarter. Executives characterized the multi-layered transaction as a “game-changer” for the optical industry and move that will accelerate integrated health care and coverage. “Thirty-three million lives…


Half of U.S. Parents Skip Back-To-School Eye Exams for Their Children, Survey Finds

RANCHO CORDOVA, Calif.—A new survey by VSP Vision Care and You.gov finds that just over one-half (50.1 percent) of parents in the U.S. overlook a back-to-school eye exam for their school-age children. Although three in four respondents (76 percent) said sight is the most important sense, the findings from the “How Parents ‘See’ Eye Health” survey revealed that often parents’ attitudes don’t match their actions for themselves and their children. There were more than 1,000 parents queried in the online survey fielded June 16 to 23. Additionally, although 80 percent of parents say they believe back-to-school eye exams are important…


Argus Creates Excedis Division to Assist Health Plans, Hauser Named to Lead New Unit

TAMPA, Fla.—Argus Dental Vision Inc., a Florida-based administrator of dental and vision benefits, announced Friday that it has created a wholly owned subsidiary, Excedis Inc., to provide innovative vision and dental solutions and assistance to its Medicare and Medicaid health care partners. Brian Hauser, a longtime vision industry leader, has been named president of Excedis, which will work to help Argus’ Medicare and Medicaid partners “succeed in improving their HEDIS scores, while simultaneously expanding member access to dental and vision care,” according to last week’s announcement. HEDIS, or health care effectiveness data and information set, is a tool used by…


Centre Partners Announces Investment in Chesapeake Eye Care

NEW YORK—Centre Partners, a middle market private equity firm with offices in New York and Los Angeles, has completed an investment in Chesapeake Eye Care Company, LLC, a newly formed entity that combines two leading Mid-Atlantic ophthalmology practices—Chesapeake Eye Care and Laser Center and Whitten Laser Eye. Terms of the transaction were not disclosed. Headquartered in Annapolis, Md., Chesapeake Eye Care Company serves the Maryland, Virginia and Washington, D.C., markets. Led by its two founding physicians, Maria Scott, MD and Mark Whitten, MD, the company offers a range of services including cataract, glaucoma and general eye surgery, medical services, LASIK…


United Vision Partners Names Sami Abbasi CEO and President

Sami Abbasi.​ DALLAS—United Vision Partners (UVP), a leading network of comprehensive eyecare providers and a portfolio company of Waud Capital Partners has announced that health care industry executive Sami Abbasi has joined as CEO and president. “We are thrilled to have such a talented leader join United Vision,” said Richard Lindstrom, MD, a board member of UVP and a founding physician at Minnesota Eye Consultants, UVP’s first partner practice. “Sami shares our belief in a core foundation of clinical excellence and a commitment to a culture of growth and differentiation. This is an important step in establishing UVP as the…