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Essilor and Luxottica end secret 18-months-long merger talks

Thursday, October 30, 2014

France’s Essilor International and Italy’s Luxottica Group, the two largest optical companies in the world, have ended merger talks that took place in secret over the past 18 months. The reasons for ending the merger talks have not been revealed, however press reports from Europe indicate it was Luxottica more than Essilor that called off the talks. And a major contributing factor could have been the turmoil Luxottica faces following the departure of its chief executive officer six weeks prior to cessation of the talks, followed by his successor departing six weeks later (see page 4), with the Milan, Italy, share market dropping the price of Luxottica shares by as much as 11 per cent in one day, but later raising it almost back to where it was beforehand. ...read more

OBA to ‘black list’ optometrists without therapeutics: 62% majority

Thursday, October 30, 2014

The Optometry Board of Australia from 1 December is to in effect ‘black list’ optometrists who do not have scheduled medicines (therapeutics) certification – the 62.33 per-cent majority of them as at 30 June, according to the board’s own figures. The board will add a notation to its public register of optometrists and details will appear on the back of their registration certificate. The notation will state that the 2,901 optometrists without therapeutics certification are not able to prescribe Schedule 4 medicines for the treatment of conditions of the eye. ...read more

Federal government dumps its $7 co-payment – for the moment

Thursday, October 30, 2014

The federal government for the moment has dumped its proposed $7 co-payment for visits to general medical practitioners and several types of specialists in order to be able to have more of its budget legislation passed by Parliament. The decision to dump the $7 co-payment was made on 2 October after the Senate was on course to reject the enabling legislation, particularly as the crossbench Palmer United Party said it would not agree to its passage. Amid earlier reports of a possible budget retreat by the federal government, the Australian Medical Association affirmed that it strongly opposes the government’s proposed co-payment model for GP, pathology, and radiology services, and the planned $5 cut to the Medicare patient rebate. ...read more

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