What is Vision Source?
Founded in 1991 by Glenn Ellisor, O.D., Vision Source operates as a franchisor for a network of independent optometrists headquartered in Kingwood, Houston, Texas. Its members function as franchisees, owning their individual practices. In 2015, Vision Source members collectively generated $2,511,500,000 in retail sales, professional services, and managed vision benefits, positioning the network as the second-largest optical retailer in the U.S. that year, trailing only Luxottica. Optometrists contribute fees to Vision Source based on a percentage of their practice's gross income. The company's growth has been supported by strategic financial backing, including an investment from Brazos Equity Partners LLC in 2011, prior to its acquisition by Essilor International's U.S. subsidiary.
How much funding has Vision Source raised?
Vision Source has raised a total of $108M across 1 funding round:
Private Equity
$108M
Private Equity (2011): $108M with participation from VSH
Key Investors in Vision Source
VSH
VSH, identified as Veterinary Specialty Hospital - San Diego, is a premier veterinary care provider known for advanced diagnostics and therapeutic options. While its primary focus is animal health, its participation suggests a diversified investment strategy or a strategic alignment with healthcare services.
What's next for Vision Source?
The substantial enterprise-level funding and strategic investment indicate Vision Source is in a mature phase, likely focusing on expanding its network reach, enhancing service offerings, and potentially integrating new technologies to maintain its competitive edge in the optical retail sector. Future initiatives may involve further consolidation, strategic partnerships, or leveraging its significant market share to influence industry standards and patient care.
See full Vision Source company page
