Wednesday October 27, 1:56 pm Eastern Time
Company Press Release
Sight Resource and Harvard Pilgrim Health Care Sign Extension to Managed Vision Care Agreement
HOLLISTON, Mass.--(BW HealthWire)--Oct. 27, 1999--Sight Resource Corporation (NASDAQ: VISN - news), a leading provider of primary eye care services and managed vision care programs, today announced that it has signed an extension to its managed vision care agreement with Harvard Pilgrim Health Care.
Harvard Pilgrim is New England's largest nonprofit health plan, providing coverage to 1.5 million members in Massachusetts, Rhode Island, Maine and New Hampshire. Newsweek magazine rated Harvard Pilgrim as the top health plan in the nation. Harvard Pilgrim has also received high ratings from U.S. News and World Report, as well as other consumer-based publications. Sight Resource is the fifteenth largest primary eye care provider in the country and operates two regionally prominent retail optical chains in New England: Cambridge Eye Doctors in Massachusetts and New Hampshire; and Vision World in Rhode Island.
William T. Sullivan, President and Chief Executive Officer of Sight Resource Corporation, stated ''We are very pleased that our long-standing relationship with one of New England's preeminent healthcare providers will continue into the new millennium. The future of primary eye care is closely linked to managed care and we believe that we have positioned our Company to benefit from the increasing role that managed vision care will play in our industry. I am particularly proud of the high level of customer satisfaction expressed by our managed care partners and believe that this speaks to the success of our strategies in this area.''
Sight Resource provides a complete range of primary eye care products and services through its primary eye care centers, managed care programs, and integrated networks of opticians, optometrists and ophthalmologists. The Company's wholly-owned subsidiaries include Cambridge Eye Doctors in Massachusetts and New Hampshire, E.B. Brown Opticians in Ohio and Pennsylvania, Eyeglass Emporium in Indiana, Kent Optical in Michigan, Shawnee Optical in Pennsylvania and Ohio, Vision Plaza in Louisiana and Mississippi, and Vision World in Rhode Island.
''Safe Harbor'' Statement under the Private Securities Litigation Reform Act of 1995: Statements contained in this news release which are not historical fact are forward-looking statements based upon management's current expectations that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. These risks and additional factors affecting the Company's business are described in the Company's Form 10-K for the fiscal year ended December 31, 1998 filed with the Securities and Exchange Commission.
Contact:
Sight Resource Corporation
Nils Bonde-Henriksen, 508/429-6916 |
