Advisory Resources For Physicians

Private Equity in Optometry - Our Predictions for 2019

PhysiciansFirst expects several key developments in 2019. By the end of this year, we anticipate increased acquisition momentum – both from new entrants and existing companies as they grow and enter new geographies. At the same time, some of the current investor pool (particularly in ophthalmology) will merge. Companies that have been unable to grow at their desired pace will likely combine with larger, more successful enterprises. 

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PE in Optometry - Spotlight on EyeCare Partners




ABOUT THE COMPANY

EyeCare Partners is the only major optometric practice management company that is also investing in ophthalmology practices. The company was founded with FFL Partners’ initial 2015 investment in Clarkson EyeCare, a large optometry/ophthalmology practice in St. Louis, MO. Since then, EyeCare Partners has grown quickly and acquired additional platforms and practices in ophthalmology and optometry.

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PE in Optometry - Spotlight on Total ECP




ABOUT THE COMPANY

Total Eye Care Partners was founded in 2017 by a group of individuals with operational and investment experience in optometry and elsewhere in healthcare practice management. With financial backing from Imperial Capital (private equity based in Toronto, Canada), the group acquired its first practice – Gaddie Eye Centers of Louisville, KY.

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PE in Optometry - Spotlight on MyEyeDr.




ABOUT THE COMPANY

MrEyeDr. was founded in 2001 by a group of optometrists and the group’s current CEO, Sue Healey Downes. Dr. Robert Samit had achieved prior success with his Hour Eyes group (sold to Eye Care Centers of America in 1997) and Millenium Laser Eye Centers (sold to TLC). The group approached MyEyeDr. as a different kind of business that was more doctor-driven.

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PE in Optometry - Spotlight on Acuity Eyecare Group




ABOUT THE COMPANY

Acuity Eyecare Group was formed in March of 2017 with the concurrent acquisitions of Crown Vision Center, Eyetique, and International Eyecare Center (“IEC”) by Riata Capital Group, a middle market private equity firm. Those three acquisitions allowed the company to begin operations with 61 locations across five states.

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Getting to EBITDA – The Importance of Normalized Compensation in Private Equity Transactions

EBITDA is a key component to the accelerating consolidation trend within specialty physician practices. It is the single biggest determinant in valuing practices, and subsequently the purchase price paid by private equity firms. But what does it mean? Officially, EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is intended to represent the firm’s actual pre-tax cash flow before financing and investing activities. Essentially, it is the cash flow that an acquirer is “buying” from the practice’s current owners.

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Private Equity Firms Explained

Private equity firms are showing increased interest in physician-owned assets including medical practices. This article dives deeper into how PE firms operate and what they hope to accomplish.

What are Private Equity Firms?

With the healthcare trend turning toward lower-cost services and specialization, physician-owners of profitable and successful ambulatory surgery centers (ASCs) and medical practices will soon be approached by buyers looking to 

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