Private equity firms are becoming a dominant force in the optometry field. But what does this trend mean for you? Current Trends to Watch Consolidation is on the Rise: More practices are merging to form larger, more competitive entities. Focus on Specialty Services: PE firms are particularly interested in practices offering niche services. Emphasis on […]
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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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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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In the realm of optometry, the importance of staff training cannot be overstated. A well-trained team not only enhances the patient experience but also contributes to the overall success of the practice. Dr. Ted Sees, an optometrist who specializes in various services, understands the significance of incorporating specialty services into staff development. In this blog […]
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