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BENSON EYECARE COMPLETES ACQUISITION OF THE FRITCH EYE CARE CENTER; DR. CHARLES D. FRITCH TO JOIN BENSON BOARD

 NEW YORK, May 13 /PRNewswire/ -- Benson Eyecare Corporation (AMEX: EB) announced today that it has completed its acquisition of the non-medical assets of Superior Eye Care, Inc. (formerly known as Fritch Eye Care Center), a Bakersfield, Calif.-based facility for providing primary, medical and surgical eye care, via a share for share exchange. The facility will continue to do business under the name Fritch Eye Care Center. This practice is a high quality, cost effective provider of eye care services with total revenues of approximately $10 million and currently over 100 employees.
 Fritch Eye Care Center was purchased by the company for $5 million of unregistered common stock of the company at approximately $6 per share for a total of 835,073 shares. The issuance of the shares is subject to the receipt of formal approval from the American Stock Exchange. Benson Optical, a wholly owned subsidiary of Benson Eyecare Corporation, has been engaged to manage the Fritch Eye Care Center Optical shops, which have revenues in excess of $1 million.
 "The completion of the Fritch acquisition provides Benson Eyecare with an excellent base from which to expand its southern California operations", said Martin E. Franklin, chairman and CEO of Benson Eyecare. "Dr. Fritch's participation will enhance Benson Optical's ability to effectively manage an increasing number of ophthalmologist- based dispensaries, as well as help the introduction of programs currently being developed by Benson Vision Services, Inc. to increase patient flow through ophthalmologists' practices."
 Charles D. Fritch, M.D. will join the company's board of directors and will also be the chairman of Benson Vision Services, Inc., a wholly owned subsidiary of the company. Dr. Fritch founded Fritch Eye Care Center in 1974. A fellow of the American Board of Ophthalmology, and the author of numerous professional articles and books, he received Bachelor of Arts and Doctor of Medicine degrees from the University of Nebraska. Dr. Fritch serves on the volunteer teaching faculty of the University of Southern California, the University of California, Los Angeles, and the University of California, Irvine.
 Benson Eyecare Corporation is a holding company whose subsidiaries serve principally the ophthalmic community. The combined group operates approximately 215 optical dispensaries in 28 states with annual revenues of approximately $50 million.
 -0- 5/13/93
 /CONTACT: Martin E. Franklin of Benson Eyecare Corporation, 212-754-2800, or Fred Spar of Kekst And Company, 212-593-2655, for Benson Eyecare Corporation/
 (EB)


CO: Benson Eyecare Corporation; Superior Eye Care, Inc. ST: New York, California IN: HEA SU: TNM

TS -- NY051 -- 8113 05/13/93 12:38 EDT
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Publication:PR Newswire
Date:May 13, 1993
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