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Provident Healthcare Partners Provident Healthcare Partners

Q1-2023 Ophthalmology Update

Provident Healthcare Partners
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Q1-2023 Ophthalmology Update

The ophthalmology sector experienced a slight slowdown in deal activity in the first quarter of 2022. Tight lending markets and more expensive debt has led to a more targeted M&A approach for most strategics buyers in the space, as they focus on opportunities where there is significant value creation and synergy potential. While we’ve observed much more variability in valuations industry-wide, practices with scale continue to attract premium multiples and seller-friendly business terms. Provident expects market conditions to persist for the next few months and improve in the second half of the year as debt markets settle down. We’re expecting many PE-backed platforms that have paused their own processes to relaunch in the back half of the year, which will drive significant M&A activity in the third and fourth quarter.

To print and download the full Ophthalmology Update report, please click below…

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