EssilorLuxottica Buys Eyecare AI, Data Management Firm RetinAI

EssilorLuxottica SA said it bought RetinAI, a company specializing in artificial intelligence and data management in eyecare, according to a statement.

The deal consolidates the eyewear company’s push into the health technology industry ahead of the presentation of its third-quarter results on Thursday. Financial terms for the acquisition weren’t disclosed.

“In the past year alone, we’ve made several bold moves in med-tech, all with the goal of building the most comprehensive, digitally enabled patient journey,” EssilorLuxottica Chairman and Chief Executive Officer Francesco Milleri, said in the statement. “RetinAI will add incredible value.”

Ikerian AG, the company that ...