Company Manufactures and Distributes Broad Portfolio of
Customized Ortho-K Contact Lenses, Including the iSee™ Design
SAN RAMON, Calif., August 7, 2020—CooperVision has acquired C&E GP Specialists, Inc., the well-known customized orthokeratology contact lens manufacturer and distributor. The move further expands CooperVision’s Specialty EyeCare business and its leadership in addressing the increasing severity and prevalence of myopia.
“CooperVision is committed to providing eye care professionals with advanced lenses and services, deep expertise and educational resources vital to expanding their options for managing myopia. This acquisition further improves our ability to meet ECPs’ needs, and ultimately the quality of vision and life for their patients,” said Juan Carlos Aragón, OD, President of CooperVision Specialty EyeCare. “Adding the tremendous experience of GP Specialists builds upon what we have created with the acquisitions of Blanchard, Paragon, Procornea and Soflex in recent years.”
Founded in 2003, GP Specialists has earned a reputation for designing and manufacturing high quality ortho-k lenses for use by ECPs worldwide, including the popular iSee™ design. In addition, it manufactures and distributes a large portfolio of lens designs such as the OK-GOV™ series brands and OrthoTool’s designs. It will also continue as a key distributor of Paragon CRT lenses.
“We’ve been focused for many years on addressing myopia, and we take great pride in the significant number of design options we offer in the North America and Asia-Pacific markets. Our team has always viewed myopia as a serious health issue, so I’m pleased this effort will continue as we become part of CooperVision, which is a clear leader in the market,” said Steve Wagner, GP Specialists’ former President and key principal.
Mr. Wagner will serve as a consultant to the company over the next several months to assist with a smooth transition. Industry veteran Mark Cosgrove will remain as GP Specialists’ General Manager, responsible for daily operations. Rich Jeffries from CooperVision Specialty EyeCare’s senior management team will provide additional guidance, working across functions to help develop and deliver current and future offerings.
Like CooperVision’s other Specialty EyeCare entities, GP Specialists will retain its name and operate as a complementary business, headquartered in San Diego, Calif. GP Specialists’ customers should continue to work with their current representatives.
Terms of the transaction were not disclosed.
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CooperVision, a division of CooperCompanies (NYSE:COO), is one of the world’s leading manufacturers of soft contact lenses. The Company produces a full array of daily disposable, two-week and monthly contact lenses, all featuring advanced materials and optics. CooperVision has a strong heritage of solving the toughest vision challenges such as astigmatism, presbyopia and childhood myopia; and offers the most complete collection of spherical, toric and multifocal products available. Through a combination of innovative products and focused practitioner support, the company brings a refreshing perspective to the marketplace, creating real advantages for customers and wearers. For more information, visit www.coopervision.com.
CooperCompanies ("Cooper") is a global medical device company publicly traded on the NYSE (NYSE:COO). Cooper operates through two business units, CooperVision and CooperSurgical. CooperVision brings a refreshing perspective on vision care with a commitment to developing a wide range of high-quality products for contact lens wearers and providing focused practitioner support. CooperSurgical is committed to advancing the health of women, babies and families with its diversified portfolio of products and services focusing on medical devices and fertility & genomics. Headquartered in San Ramon, Calif., Cooper has a workforce of more than 12,000 with products sold in over 100 countries. For more information, please visit www.coopercos.com.
Mike McDougall, APR, Fellow PRSA, McDougall Communications
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