Refac Optical to join EyeMed program

Fort Lee, NJ-Refac Optical Group has reached an agreement with EyeMed Vision Care whereby Refac's U.S. Vision subsidiary would become a participating provider of managed care benefits in EyeMed's vision care networks.

The parties have agreed in principle that U.S. Vision will become a participating provider in the EyeMed Access and Select plans under an agreement that generally terminates on Dec. 31, 2010. The EyeMed network consists of optometrists, ophthalmologists, opticians, and many optical retailers including LensCrafters, Target Optical, and most Sears Optical and Pearle Vision locations.

"The new arrangement will provide us with more access to a much larger base of membership than we enjoyed under the Cole Managed Vision (CMV) plans with a longer term and a relationship with what we consider to be the premier managed care plan in the United States," said J. David Pierson, president and chief executive officer of Refac Optical Group.