Q2 2023 Ophthalmology Update
The ophthalmology sector continues to show resilience in the face of macroeconomic conditions that have slowed M&A activity across other industries and sectors. While PE-backed platforms have pulled back M&A efforts, others continue to be acquisitive, especially for practices in attractive markets where there may be significant synergy potential and value creation opportunities. Provident expects deal flow to remain strong moving into the back half of the year as debt markets start to settle and the lending environment softens.
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