Becker's Healthcare September 21, 2022
Private equity firms are seeing increasing opportunity in ophthalmology firms, reflected in the increase in multimillion-dollar investments in the industry in recent years, Kaiser Health News reported Sept. 19.
Ophthalmology Consultants, for example, is a part of St. Louis-based EyeCare Partners, a private equity-backed eye group that boasts a portfolio of 300 ophthalmologists and 700 optometrists in 19 states.
The group was acquired by private equity firm Partners Group in 2019, one of the many PE firms looking to ophthalmology groups. Retina Consultants of America, another eye group, was formed in 2020 with a $350 million investment from Webster Equity Partners.
“Acquisitions have escalated so much that private equity firms now are routinely selling practices to one...