Eyecare Business November

NOV 2017

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well and provided the necessary capital to young doctors desiring to buy a practice. Those two factors, along with the increase in baby boomers reaching retirement age, have made the transition marketplace extremely active. Any young optometrist desiring to be in private practice ownership will have no trouble locating a very good practice to buy and will find the capital necessary to finance the sale. However, a new player has entered the mar- n some ways, the marketplace for transi- tioning an optometric practice has never been better. Over the last several years, the value for optometric practices has remained constant. All of the myriad challenges faced by optometry, such as managed care, big-box retailers, online providers, etc., have been priced into the marketplace. Since the recession in 2008, the financing and capital markets have responded Big Business. Small Practice. It's a big world—learn how a significant shift is changing the transition of private practice today P R A C T I C E T R A N S I T I O N S i 36 E y e c a r e B u s i n e s s . c o m November 2017 For the selling optometrist, having another demand- side 'customer' is a positive trend. But, like any new force in the marketplace, there is a certain disruptive quality as both sellers and buyers adapt to this new market force. PHOTOBANK GALLERY/ SHUTTERSTOCK.COM

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