RANCHO CORDOVA, CA, and LINTHICUM, MD (July 16, 2013)
Superior Vision and Block Vision Announce Agreement to Combine Companies
– Superior Vision and Block Vision, both leaders in managed vision care, today announced the signing of an agreement to combine their businesses.
“The combination of Superior Vision and Block Vision brings together two vision benefit industry leaders with a history of strength in their target segments,” said Kirk Rothrock, President, Superior Vision. “The end result is a comprehensive eye care company with member-centric solutions for the commercial, Medicare and Medicaid markets, encompassing the full range of wellness vision and medical-surgical eye care programs. Our collective history of providing excellent service makes this a terrific partnership and a win for all of our constituencies, including our client and provider partners.”
The combined company will provide vision benefit plans to more than 8.5 million members nationwide, and a provider network surpassing 55,000 access points. Together, Superior Vision and Block Vision will offer vision benefit and medical eye care programs to employer groups, health plans and direct to consumer.
“We are excited at the opportunity to join forces with a company that so closely matches our philosophy of being focused solely on vision and eye health,” said Andrew Alcorn, President and CEO, Block Vision. “We are both successful companies today. Together we will create a company that is well-positioned to deliver the vision and eye health services that millions of Americans need through a variety of established and emerging delivery mechanisms.”
Superior Vision and Block Vision will join management forces and service delivery to create an entity that will respond well to the varying presence of vision benefits within the Affordable Care Act and related public and private exchanges. Flexibility, choice, and access are the hallmarks of both companies.
“We are establishing a powerful company that leverages our complementary distribution, operational strengths and expertise,” said Rick Corbett, CEO, Superior Vision. “At the same time, our combined provider networks create unparalleled member access to ophthalmologists, optometrists, and retail optical centers in the delivery of vision and eye care services. Ease of access is critical for successful benefits usage,” Corbett added.
The transaction is subject to regulatory approval and is expected to be completed within the next few months.
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About Superior Vision
Superior Vision is a leader in managed vision care, providing vision and eye health solutions ranging from routine vision benefits to medical management. Our customers include commercial groups, individuals, and health plans that serve government-sponsored programs such as Medicaid and Medicare. Headquartered in Baltimore, MD, we serve more than 11 million members nationwide. With Superior Vision, members have access to quality vision care through the broadest and most diverse eye care provider network in the industry – one that includes independent vision care providers, leading retail optical chains and online eyewear providers.
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