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New Look to Acquire Visions One Hour in British Columbia

New Look Vision Group Inc. has announced that it has entered into a definitive agreement to acquire substantially all the assets of Abbotsford-based Visions One Hour Optical Ltd, expected to close around December 1, 2016.

Founded in 1988, the acquisition will provide New Look with 10 retail optical locations in key local markets across the province and annual revenues over $5 Million.  The purchases price is Rev $6.6 million, subject to customary price adjustments.

Antoine Amiel, President and Director of New Look Vision stated that: “Although currently small in stature, this successful chain has an established footprint in key local communities across British Columbia and will be a solid base for future growth in Canada’s third largest market after Ontario and Quebec. Entering British Columbia is another step forward towards our goal of becoming a national player across Canada.”

New Look Vision is a leader in the eyecare industry in Eastern Canada comprised of a network of 212 corporate stores mainly under the New Look Eyewear, Vogue Optical and Greiche & Scaff banners and laboratory facilities using state-of-the-art technologies.

Source:  http://www.marketwired.com/press-release/new-look-vision-group-inc-agrees-to-acquire-retail-optical-chain-in-british-columbia-tsx-bci-2168221.htm

No Longer Lost in the Blink of an Eye

It’s a problem as old and as aggravating as eye drops themselves: as soon as the medicine goes in, almost all of it washes right back out again.

Now, McMaster chemical engineer Heather Sheardown and the graduate students in her lab have developed a better way to deliver medicine to the surface of the eye.

They have created microscopic packets of medicine that lodge themselves imperceptibly in the base of the tear film that makes up the wet surface of the eye.

There, the molecular packets, or depots, dissolve gradually, releasing medicine slowly and making it possible for people with conditions such as dry eye and glaucoma – which require daily drops – to receive the same degree of treatment from using drops just once a week.

Sheardown, a Canada Research Chair in Ophthalmic Biomaterials and Scientific Director of the 20/20 NSERC Ophthalmic Materials Research Network, says that partners in the field had named the problem with conventional eye drops as one of the top issues in all of eye care.

The problem is that the eye does a good job of defending itself against foreign substances, making it difficult for the active ingredients in eye drops to do their work before the eye sheds them.

With conventional drops, 95 per cent of the medicine is typically lost before it has a chance to work, a frustrating inefficiency, especially for patients.

“It’s a lousy delivery system,” Sheardown says. “If you can deliver drops to the front of the eye at lower concentrations that work over a longer period, it could be huge.”

Sheardown’s team is in the final stages of proving the safety and effectiveness of the new technology, which was described recently in the journal Biomacromolecules. The research was funded by the 20/20 NSERC Ophthalmic Materials Research Network and The Boris Family Foundation.

Sheardown is presenting the new technology to the Tear Film and Ocular Surface Society in France in September.

She says there has been interest in commercializing the technology, and she hopes it will be on the market in the near future.

#GlassesOnGourds Contest – Win Starbucks Gift Cards

#GlassesOnGourds Contest with Tmag

Your next PSL is on Tmag! Enter to WIN a Starbucks gift certificate with your #GlassesOnGourds photo. It’s easy to enter:

How to Enter the Contest

Post a photo on either Facebook or Instagram – or both for extra entries!

On Facebook:

  • Post a public picture of a gourd wearing glasses – carved pumpkins welcome!
  • Include #GlassesOnGourds in your description
  • Tag Tmag on Facebook
  • Like Tmag on Facebook

On Instagram:

  • Post a public picture of a gourd wearing glasses – carved pumpkins welcome!
  • Include #GlassesOnGourds in your description
  • Tag @tmag.optical
  • Like Tmag on Instagram

For extra entries tag your friends. Post as many entries as you’d like! Contest ends November 30 2016 – Gourd Luck!

Click here for the fine print (rules and regulations)

La Vue Moves Into Ontario with Laurier Integration

Dr. Éric Savard has become the  Quebec optometrist with the largest number of clinical optometric practices with the integration of Ottawa based Laurier Optical.  Savard is also owner of City Optical, in Quebec City.

As a result of the transaction the La Vue group adds 35 new branches, including 12 located in Montreal and 23 in Ontario.

Laurier Optical was founded  in Ottawa in 1985.  For La Vue, founded in 2011, the move represents its first foray into Ontario.

 

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