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UK: Eye correction merger referred to Competition Commission

By  |  August 6, 2013
UK: Eye correction merger referred to Competition Commission

The UK’s Office of Fair Trading announced the referral of the completed buyout of eye correction company Ultralase by competitor Optimax to the Competition Commission in what reports say suggests the OFT may have found cause of concern regarding the deal. The deal occurred in November of last year without informing the OFT; it was not until the companies’ merger was undeway that the regulator started probing the buyout. Reports say by the initiation of the review, several Ultralase clinics were already replaced by Optimax clinics. In its review, the OFT found six geographical areas whose competition was threatened by the deal. Reports say the Commission will reach a decision on the deal by January 12 of next year.

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    Full Content: OptometryToday

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