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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