Eye Care Private Equity – Market Update

Summer 2021

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Now more than ever, ophthalmologists and optometrists are considering a partnership with Private Equity due to attractive valuations and significant outside economic forces within the sector.  In less than 5 years there have been more than 30 platform investments in 40 states by Private Equity, a number that continues to grow. Eye Care remains one of the most fragmented specialties within healthcare with nearly 60 percent of physicians practicing in groups of less than 10 providers.

Physicians are faced with two options: growing their practice independently or partnering with an existing Private Equity-backed platform and reaping the benefits of scale in the proven Private Equity growth model.

State of Eye Care Private Equity

As the U.S. population continues to age, the demand for Eye Care services will only increase. Given favorable economic trends, we see consolidation continuing to occur at a rapid pace for years to come.

Select Recent Private Equity Transactions in the Eye Care Space:

DateTargetPlatformPE SponsorState
May 2021Retina Care SpecialistsEyeSouth PartnersShore Capital PartnersFlorida
May 2021Georgia Eye Physicians & SurgeonsEyeSouth PartnersShore Capital PartnersGeorgia
May 2021Balian Eye CenterMidwest Vision PartnersAlpine InvestorsMichigan
May 2021Aiello Eye InstituteAmerican Vision PartnersH.I.G. Growth PartnersArizona
April 2021Tuscaloosa OphthalmologyEyeCare PartnersPartners GroupAlabama
April 2021Eyes First VisionEyeCare PartnersPartners GroupNew Jersey
April 2021Central Florida Eye CareEyeCare PartnersPartners GroupFlorida
March 2021Southwest Eye InstituteAmerican Vision PartnersHIG CapitalTexas
February 2021Kellis Eye & Laser Center*Sunvera GroupRidgemont Equity PartnersOhio
February 2021Marlboro Eyecare AssociatesEye Health AmericaLLR PartnersSouth Carolina
February 2021Beraja Medical Institute*Quigly Eye Associates New Harbor CapitalFlorida
January 2021Eye Associates of PinellasClear Sight Partners, LLCSpanos Barber Jesse & CoFlorida
January 2021Midwest Eye CenterEyeSouth PartnersShore Capital PartnersOhio/Kentucky
January 2021Eyes of YorkVision Innovation PartnersCentre PartnersPennsylvania
December 2020Bayside Eye CenterUS EyePamlico CapitalFlorida
December 2020Eye Center of TexasEyeSouth PartnersShore Capital PartnersTexas
December 2020Total Vision PartnersPacific Eyecare OptometryBregal PartnersCalifornia
November 2020Retina Associates of SarasotaRetina Consultants of AmericaWebster Equity PartnersFlorida
October 2020Rohr Eye & Laser CenterSunvera GroupRidgemont Equity PartnersMichigan
September 2020EyeCare NorthwestOMNI Eye ServicesNew MainstreamNew Jersey
September 2020Carolina EyeCare PhysiciansUS EyePamlico CapitalSouth Carolina
August 2020Corrective Eye Center*EyeCare PartnersPartners GroupOhio
July 2020Retina Group of WashingtonPrism Vision GroupQuad-cWashington D.C.
June 2020Arizona Eye Institute & Cosmetic Laser Center*Eye Care PartnersPartners GroupArizona
*Represented by Physician Growth Partners

Physician Growth Partners

Physician Growth Partners is a firm that recognizes and prioritizes the importance of clinically focused outcomes, first and foremost. The groups that allow us to advise them will attest to the fact that we always emphasize partnership over economics. When the highest level of care is delivered, financial success will always follow.

PGP Advises Fox Valley Orthopedics in Strategic Partnership with Sequel Ortho, a Portfolio Company of InTandem Capital Partners