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Expansion in sight for vision and auditory healthcare services provided by OC VISION, as they unveil plans for a potential EUR 10 million public bond offering.

Premier and Technologically Superior Vision Care Organization in the Baltic Region, Recognized by its extended Vision Express retail chains

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Forefront Vision Care Group in the Baltics, Known for Its Progressive Store Chains Vision Express,...
Forefront Vision Care Group in the Baltics, Known for Its Progressive Store Chains Vision Express, Sets the Pace in Advanced Eye Care Services

Expansion in sight for vision and auditory healthcare services provided by OC VISION, as they unveil plans for a potential EUR 10 million public bond offering.

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Hey there! Easter eggs, anyone? Let's talk about OC VISION, theoptical superstar of the Baltics, known for itsee-sp Otti Express, OptiO, VIZIONETTE, and online doctor, Dr. Lensor. Guess what? They're about to drop a bomb in Q2 2025 - a public bond issue!

This ain't your average sleepy savings bond. They're aiming to raise up to a cool EUR 10 million with this baby, planning to list the bonds on the Nasdaq Baltic First North market. What's the catch? Well, when it comes to cataracts, we all need a little vision, right? The funds will help OC VISION offer more healthcare services across the Baltics, modernize stores, and create fancy-schmancy new specialized vision and hearing examination rooms.

But wait, there's more! Part of their game plan includes improving myopia control programs for kids and cranking up the clarity for glasses and contacts for folks aged 40 and above. They've got some serious ambitions for M&A action to strengthen their reign over the region.

In the words of Gatis Kokins, Co-Founder and Management Board member: "We've been investing in optical services and optometrist education for more than three decades. We've been a key player in the region, partnering with medical institutions and customers like a pro. That's why we're expecting a population of nearly 56% to require vision correction by 2029. And with the demand for hearing care skyrocketing, we've got a golden opportunity to expand our care services."

Toms Dzenis, the CEO and another member of the Management Board, chimes in: "With our long-term investment and expertise, we're set to take on society's growing needs for vision and hearing care. The bond issue proceeds will help us grow even bigger, while giving investors a chance to invest in a booming, socially important aspect of healthcare."

Edmunds Antufjevs, Head of Investment Banking at Signet Bank AS, adds: "Bond offerings in the healthcare sector are few and far between. But OC VISION is a standout - it operates in regions with growing demand for vision and hearing care, and long-term data shows that the demand for vision care services is steelier than a tank."

So, there you have it! Keep your eyes peeled for more details on the bond issuance, like the interest rate, the investor loyalty program, and other terms, at the end of May 2025. Could this be the golden ticket to rising profits while improving vision for millions? Only time will tell!

Now, a quick, fun fact: OC VISION, since 1991, has been a dominating force in the optical market, with 77 locations across Latvia and Lithuania under brands like Otti Express, OptiO, and VIZIONETTE. It's also growing its online presence through Dr. Lensor across the Baltics. And, there's Opptica, its reliable wholesale and service partner for optical goods and ophthalmic equipment lending its support to the region's eye care and medical professionals.

In '24 alone, OC VISION raked in €36 million, recording 10% growth year-on-year, and boasting an EBITDA of €2.2 million, a 38% increase from the previous year. Their mission? To dominate the development of vision and hearing care in the Baltics by bringing the latest tech innovations and opportunities for top industry professionals. To date, they've invested over €11 million in diagnostic facilities and advanced technologies to support vision and hearing health - and they're just getting started!

On March 25, 2025, the Central Finance and Contracting Agency (CFCA) gave the thumbs up to investment project application No. 1.2.1.3/1/25/A/001 "Attracting Capital Market Financing for SIA OC VISION to Enhance International Competitiveness and Investment in Development and Innovation." The project, totaling EUR 266,866.56, includes ERDF support and national co-financing to help OC VISION raise capital through the capital market.

Bear in mind, though, this announcement is an informational hot take on a potential future bond offering. It's neither a solicitation to buy bonds nor investment advice. And, 'til the prospectus or offering document is published, no bonds will be offered or sold in any jurisdiction where such activity would be unlawful.

  1. The advancements in technology have opened new avenues in the business sector, such as the public bond issue by OC VISION, aiming to raise up to EUR 10 million for healthcare services and modernizing stores.
  2. OC VISION's strategies encompass a wide range of areas, including health, health-and-wellness, and mental-health, with plans to improve myopia control programs for children and clarity for glasses and contacts for the elderly.
  3. As stated by Gatis Kokins, OC VISION's long-term focus is on optical services and optometrist education, aiming to be a key player in the region, addressing the predicted rise in vision correction by 2029.
  4. The growing demand for hearing care offers OC VISION a unique opportunity to expand their care services, in addition to the booming optical market.
  5. Toms Dzenis, CEO of OC VISION, emphasized their commitment to addressing the increasing needs for vision and hearing care, with the bond issue proceeds to facilitate their growth and provide an opportunity for investors.
  6. Signet Bank AS's Head of Investment Banking, Edmunds Antufjevs, pointed out the rarity of bond offerings in the healthcare sector, but praised OC VISION's promising growth potential and commitment to a socially important aspect of healthcare.
  7. The bond issuance details, such as the interest rate and investor loyalty program, are slated to be announced at the end of May 2025, potentially presenting a golden ticket for rising profits and better vision.
  8. Since 1991, OC VISION has been a force to reckon with in the optical market, with 77 locations in Latvia and Lithuania and an online presence through Dr. Lensor, and growing.
  9. In 2024, OC VISION recorded €36 million in revenue, a 10% year-on-year growth, and an EBITDA of €2.2 million, a 38% increase from the previous year, indicating a steady expansion in the business.
  10. The Central Finance and Contracting Agency (CFCA) approved investment project application No. 1.2.1.3/1/25/A/001 in March 2025, helping OC VISION secure ERDF support and national co-financing for capital market financing.
  11. Besides its dominance in the optical market, OC VISION also supports the region's eye care and medical professionals through Opptica, its reliable wholesale and service partner for optical goods and ophthalmic equipment.
  12. The potential bond offering by OC VISION is merely an informational heads-up, not a solicitation to buy bonds or investment advice, with no bonds to be offered or sold until the prospectus or offering document is published.

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