ABB OPTICAL GROUP Acquires Glimpse Live
The software company provides eye care practitioners with industry-leading data and digital dashboards to increase revenue and profitability
CORAL SPRINGS, Fla. (June 4, 2018) – ABB OPTICAL GROUP, a national supplier of optical products and services for the eye care industry, has agreed to acquire Glimpse Live, a data and analytics provider for eye care professionals and other healthcare practitioners. Terms of the acquisition were not disclosed.
Headquartered in Jacksonville Beach, Fla., Glimpse is the first "push" informatics service in the eye care industry. It is designed to help business owners measure and track performance, identify growth opportunities, forecast future trends and compare results among peers. The software securely integrates with electronic health records and practice management systems to provide in-depth analytics, live benchmarking, employee productivity tracking, monthly SWOT reports and daily metrics in an easy-to-understand, snapshot format, among other features.
Casey Hedberg, who founded Glimpse in 2013, will become managing director of Glimpse following the acquisition by ABB OPTICAL GROUP.
"There is tremendous synergy between ABB OPTICAL and Glimpse. We are culturally aligned in operations, strategies and core values," said Hedberg. "We are both committed to providing eye care practitioners with the tools they need to succeed in business and to offering exceptional customer service. By integrating into ABB's full-service optical platform, our team is going to be able to continue innovating and investing in leading-edge, healthcare information technologies to deliver new, best-in-class products and even more value to our customers."
As a result of the acquisition, ABB OPTICAL GROUP is enhancing its ability to provide industry-leading data and practice management solutions. "Glimpse is a fantastic fit for ABB OPTICAL. This enables us to offer our customers more in-depth, expanded business reviews and build upon our comprehensive analysis of a practice's contact lens portfolio to include a full, complete look at the entire business," said Brad Weinbrum, president of ABB OPTICAL GROUP. "By providing practices with a full range of metrics, including frames and lens sales in addition to contact lens trends, we will help eye practitioners accelerate their growth and drive an increase in profitability."
According to Glimpse, practices that use its software everyday experience growth of 15 to 30 percent on average. In a study of representative Glimpse customers, patient revenue grew by an average of $50,000 year over year.
ABOUT ABB OPTICAL GROUP
ABB OPTICAL GROUP is a leading distributor of optical products in the United States. The company supplies nearly two-thirds of eye care professionals across the country with brand name contact lenses, fully customizable gas permeable and custom specialty soft contact lenses, ophthalmic lenses and more. The company's Digital Eye Lab is a fully automated optical lab dedicated to freeform digital lens fabrication. ABB OPTICAL GROUP also offers practice building services such as pricing strategy tools, business reviews, annual supply staff training and e-commerce solutions. For additional information, visit ABBOptical.com.