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ECPA Announcement

February, 2001
American Health Concepts, Inc. ("EyeCare Plan of America - ECPA") on behalf of our EyeMed Vision Care managed vision care organization.

The Luxottica Group is making this acquisition to develop its wholesale business in the United States with the intention of helping current and prospective EyeMed panel members see more patients more profitably.

We believe that, until we created EyeMed Vision Care, managed vision care had been short-sighted. It seemed to us that everyone was being provided for except the provider and that is why we created EyeMed, a managed vision care program that included your point of view.

Based on the input we solicited from hundreds of private practice optometrists, ophthalmologists and opticians as well as the professions' educators and national and local leaders, Luxottica created EyeMed to accommodate these provider needs:

  • The ability to profitably prescribe services and materials the patient needs or wants
  • The freedom to use the fabricating laboratory of your choice
  • The freedom to dispense to managed vision care patients the same quality frames, lenses and other materials that you dispense to private pay patients.
  • On-line eligibility verification, claims submission and general plan administration that is quick and easy for your staff.

We are pleased that more than 8,000 private practitioners currently are members of EyeMed's panel of providers.

With the acquisition of ECPA, Luxottica Group will leverage synergies to enhance the EyeMed model of managed vision care based on quality of care and materials, freedom of choice for patients and providers, and joint consideration of payer, patient and provider needs

Whether you are one of EyeMed's 8,000 private practitioner panel members or ECPA's 10,000 private practitioners or a valued Luxottica customer on neither panel, we will keep you informed of the benefits to you of the EyeMed managed vision care model expansion as we take time to digest the details of this transaction.

For additional information, we are providing responses to questions we have recently received regarding this announcement.