‘Add-on Acquisition’ Deals in 2018 Were Key to PE Growth in Ophthalmology Sector, Report Finds
Consolidation activity within the ophthalmology sector remained very active through the fourth quarter of 2018, a year in which there were at least 10 transactions publicly disclosed in every quarter, according to a recent report and market analysis by Provident Healthcare Partners. Provident Healthcare Partners, based here, is one of the leading firms in the health care investment banking sector. According to the firm’s analysis of transactions in the ophthalmology sector, 2017 was characterized by the formation of “newly established platforms” backed by private equity financing across the ophthalmology sector.
However, 2018 was “dominated by heavy add-on acquisition activity, as many of the existing private equity-backed organizations continue to grow through acquisitions,” the report noted.
The number of deals classified as add-on acquisitions have outnumbered recapitalization transactions in the ophthalmology sector in the past six quarters, according to the Provident Healthcare report.
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‘Add-on Acquisition’ Deals in 2018 Were Key to PE Growth in Ophthalmology Sector, Report Finds
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