CooperVision

CooperVision Overview

Company Headquarters: Pleasanton, California, US

Founded: 1980

Workforce: ~11,800

Company Working: CooperVision is a global medical device company which manufactures soft contact lenses. The company operates through two business units, CooperVision and Coopersurgical. The company offers contact lenses in a variety of materials, which include phosphorylcholine technology (PC) and silicone hydrogel aquaform technology. It primarily manufactures its products in facilities located in the UK, Hungary, Puerto Rico, Costa Rica, and the US and distributes its products in the US, UK, Belgium, and various smaller international regions.

Strategy

CooperVision is focused on manufacturing a larger volume of products and increase its global market presence with its recently introduced products and mergers & acquisitions. The company also aims to expand its business by allotting account managers and account manager consultants in various regions to make the doctors aware of its products.

Company Snapshot

$1,577.2M

Revenue

11,800

Employees

1980

Founded

Pleasanton, California, US

Headquarters

SWOT Analysis

Strengths

Global presence
Wide product portfolio
Large research & development investment capacity

Weaknesses

High working capital requirements

Opportunities

Product innovation

Threats

Strict governmental regulations by foreign regulatory agencies
Changes in tax laws

Key Developments

Date	Approach	Development
Dec 2016	Acquisition	CooperVision acquired soflex a contact lens manufacturer
Dec 2017	Acquisition	CooperVision acquired paragon vision sciences a form that focuseson contact lenses

Product Offering

CooperVision
- Contact Lenses

Financial Performance

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