Private equity-backed platform companies acquired 228 ophthalmology and optometry practices in the United States between 2012 and 2019, but the trend may be slowing, according to a study.
The outpatient nature of the specialty, the ability to do numerous procedures and the increasing need for ophthalmic specialists make ophthalmology and optometry clinics attractive acquisition targets for private equity-backed firms, study senior author Ravi Parikh, MD, MPH, chairman of Manhattan Retina and Eye Consultants and faculty at New York University Langone Health/School of Medicine, told Ocular
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