On May 19th, we reported a pending acquisition by VSP. On July 1st we reported this pending acquisition as a rumor…well, here's the news from Vision Monday:
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VSP Buys Marchon for $735 Million, Creating $3.3-Billion Eyecare Company
August 18, 2008 7:13 AM
RANCHO CORDOVA, Calif.–On Friday, Vision Service Plan (VSP) took over ownership of Marchon Eyewear, after acquiring the eyewear manufacturer/distributor the day before for $735 million, funded by a combination of cash and debt. The acquisition creates a new combined entity with projected revenues of $3.3 billion this year; puts VSP’s Altair Eyewear operation under the umbrella of Marchon, now a wholly owned subsidiary of VSP; and melds VSP’s Eyefinity Internet portal with Marchon’s OfficeMate Software Solutions practice-management operation into a new
