Here are the key details to know:
1. More companies with greater financing are looking to invest in eye care practices compared to the past, said Mark Abruzzo, a lawyer who represents healthcare companies.
2. Private equity investors target medium and large practices that dominate the markets they’re in. Practices can serve as platform practices, or smaller independent practices that can grow bigger in the future, said Caroline Patterson, a healthcare lawyer.
3. Robert Wiggins Jr., MD, an ophthalmologist, said after the acquisition, the solo practice can grow by adding subspecialties, an ASC and satellite locations. He also said investors are looking for practices with a strong local brand, sustainable business model, ancillary services and high growth potential.
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At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.