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April 26, 2015 5:33 AM ET

Healthcare Equipment and Supplies

Company Overview of VisionCare Ophthalmic Technologies, Inc.

Company Overview

VisionCare Ophthalmic Technologies, Inc. develops, manufactures, and markets visual prosthetic ophthalmic devices and technologies for individuals with age-related macular degeneration. It offers Implantable Miniature Telescope, a visual prosthetic device designed to improve the vision of patients with bilateral moderate to severe central vision loss due to age-related macular degeneration and other macular disorders. The company was founded in 1997 and is based in Saratoga, California.

14395 Saratoga Avenue

Suite 150

Saratoga, CA 95070

United States

Founded in 1997





Key Executives for VisionCare Ophthalmic Technologies, Inc.

Chief Executive Officer and President
Chairman of the Board and Advisor
Age: 64
Vice President of Finance & Administration
Compensation as of Fiscal Year 2014.

VisionCare Ophthalmic Technologies, Inc. Key Developments

Visioncare Ophthalmic Technologies Announces Executive Changes

VisionCare Ophthalmic Technologies announced that Wolfgang Tolle will join the company as President and Chief Executive Officer. VisionCare's current CEO, Allen Hill, will turn over duties effective May 1, 2015 and transition to Chairman & Advisor. He was most recently President & COO of PostCreator. From 2011 to 2014, Mr. Tolle was General Manager of Alcon Benelux (Belgium, Netherlands, and Luxemburg) where he was responsible for all Alcon product lines including surgical, pharmaceutical, and contact lenses.

VisionCare Ophthalmic Technologies, Inc. Announces Board Changes

VisionCare Ophthalmic Technologies, Inc. announced two changes to its Board of Directors. Ophthalmic industry veteran, Mark Forchette has joined the board in a new seat; John Ryan is filling ONSET Ventures existing board seat. Mark Forchette brings thirty years of experience in ophthalmic sales, marketing and business unit management, and has driven commercial success at three ophthalmic companies. Mr. Forchette joined OptiMedica in 2007 as President and Chief Executive Officer. John Ryan is a partner at ONSET Ventures. He has spent over 20 years focused on the founding, building and financing of companies across many sectors of the healthcare industry at stages ranging from the earliest company formation to the industry leaders.

VisionCare Ophthalmic Technologies, Inc. Announces Management Promotions

VisionCare Ophthalmic Technologies, Inc. announced two promotions within its management team. Chet Kumar has been appointed Vice President, Sales & Market Development; Mr. Kumar most recently was the Company's Vice President, Market & Business Development. Mr. Kumar has more than fifteen years of successful experience in ophthalmic businesses including leadership positions in the fields of market development, business development and marketing. Prior to joining VisionCare, Mr. Kumar served in marketing positions with Oculex Pharmaceuticals. VisionCare also announced the promotion of Reena Mishra to Senior Director of Marketing. Ms. Mishra joined VisionCare in 2011 and has rapidly taken on broadened responsibilities for marketing and related areas since joining the company. Ms. Mishra, with this promotion, is responsible for global marketing, practice development, and case management. Her experience includes marketing positions with Pivot Medical, Spinal Modulation and ArthroCare Corporation.

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