Article: Connecticut-Based OptiCare Health Systems Sells North Carolina Retail Unit.

By David A. Smith, Waterbury Republican-American, Conn. Knight Ridder/Tribune Business News

Aug. 14--WATERBURY, Conn.--OptiCare Health Systems Inc., which has worked to restructure operations since laboring through difficult times in 2001, has sold its North Carolina retail division for an estimated $5.7 million.

The move cuts its debt, pares its payroll and settles a dispute with the doctors who ran the operation.

The city-based eye-care company said Optometric Eye Care Center P.A., which is run by former OptiCare officers Dr. Allan L.M. Barker and Dr. D. Blair Harrold, acquired the 24 Optometric eye-care offices across North Carolina. ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!