To Broker or Not to Broker? That is the Question. Deciding whether to hire a broker can be challenging. Let’s break it down. The Pros of Using a Broker Expertise and Experience: Brokers know the market inside out and can help you find the right buyer. Negotiation Skills: They handle the tough conversations, ensuring you […]
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Your Staff Matters: Retaining Talent After a Sale One of the most significant concerns when selling your practice is the fate of your team. Your staff is the backbone of your practice, and their retention post-sale can make or break the transition. How PE Firms Approach Employee Retention Private equity firms understand the importance of […]
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Specialty services are like the secret ingredient that can elevate your practice’s worth. Here’s why. Why Specialty Services Matter Specialty services such as myopia management, dry eye therapy, and low vision care are becoming increasingly important. They not only meet a growing demand but also position your practice as a leader in comprehensive care. This […]
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Let’s Talk Numbers! How much is your optometry practice worth? This isn’t just about adding up assets—it’s about understanding the various factors that make your practice valuable to a potential buyer. Key Metrics: EBITDA and Multiples First things first: get familiar with EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization). EBITDA provides a snapshot of […]
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Selling your optometry practice can feel like stepping into the unknown. But with the right knowledge, the process becomes more manageable. Here’s a roadmap to help you understand the journey from start to finish. Step 1: Initial Conversations and Confidentiality The first step usually involves exploratory discussions with potential buyers. Confidentiality is crucial at this […]
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Are You Ready to Boost Your Practice’s Value? Here’s How! Thinking of selling your practice? Even if it’s just a distant possibility, now is the time to start working on increasing its value. Buyers—whether they are private equity firms or individual optometrists—look for specific qualities in a practice. Here’s how you can make yours stand […]
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Private Equity in Optometry: A Rising Trend You’ve probably heard the buzz—private equity (PE) is making waves in the optometry world. More and more practices are being scooped up by these firms. But what does this mean for you, an optometrist and practice owner? Understanding the fundamentals of private equity can help you navigate this […]
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In the realm of optometry, the management of dry eye disease has become a prevalent concern, impacting a significant portion of patients seeking eye care. As optometrists strive to provide comprehensive and specialized treatments for this condition, adopting a patient-centered approach is paramount to ensuring optimal care and treatment outcomes. Understanding the Patient Experience When […]
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Healthcare is rapidly evolving, and optometry practices are at the forefront of this transformation. Technology is playing a crucial role in delivering a more personalized, efficient, and engaging experience for patients. Empowering Patients Through Education One of the most significant ways technology is transforming optometry is by enhancing patient education. Gone are the days of […]
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Visual aids have become an indispensable tool in modern optometry practices, especially when discussing complex conditions like dry eye disease. By incorporating a variety of visual elements, optometrists can significantly improve patient understanding, retention, and ultimately, treatment compliance. Why Visuals Matter Enhanced Comprehension: Visuals provide a tangible representation of abstract concepts, making them easier to […]
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