HIGHMARK'S VISION COMPANIES PERFORM
The vision subsidiaries of Highmark brought in record numbers for the year ended Dec. 31, 2007. Together, Davis Vision, Viva International, the Eye Care Centers of America (ECCA) and Empire Vision had revenues of more than $1 billion for the first time last year. Net income for the segment was $38.6 million, up from $19.5 million in 2006.
The vision companies accounted for more than 10 percent of Highmark's net income, which was $375.4 million for the year, down from $398.3 million in the year before. Highmark's total revenues were $12.35 billion, an increase from the $11 billion recorded in 2006.
The ECCA retail chain reported its financial information for the year as well. It had net income of $25.2 million, more than double the $10.8 million it saw in 2006. Sales were $477.8 million, up from $437.7 million the year before, with sales on a comparable store basis climbing by 5.7 percent. The chain opened 25 new locations last year and closed one, to end the year with 411 stores.