4.10.16.1Vertical

Cornea & Refractive Surgery Centers

Ophthalmology centers performing LASIK and corneal procedures.

Market snapshot

These figures describe Ophthalmology (4.10.16), the segment that Cornea & Refractive Surgery Centers sits within — not Cornea & Refractive Surgery Centers on its own.

FragmentationConsolidatingEstimate

Within Offices of Physicians (NAICS 621111); the Census Bureau does not split physician offices by specialty, so ophthalmology is not separately sized.

Business model & economics

Revenue model

Surgical, office, and ASC reimbursement; optometry integration

Key economics

Recurring revenue
Moderate

procedure- and care-driven

EBITDA margin
20–30% with ASC ancillaries
Capex intensity
Moderate

Characteristics

  • Heavily consolidated, with ASC and optometry integration.
  • Aging-driven cataract and retinal volumes.
  • Some platforms faced financial strain.

M&A deal context

Deal activityHigh

Who’s acquiring

  • PE-backed eye-care platforms
  • Ophthalmology/optometry MSOs
  • ASC-aligned acquirers

What’s driving deals

  • Roll-up of ophthalmology and optometry.
  • Aging cataract/retinal demand.
  • ASC ancillary economics.

Find Cornea & Refractive Surgery Centers acquisition targets

Search Acquisera’s index for companies classified under Cornea & Refractive Surgery Centers (4.10.16.1) and build a targeted deal pipeline.

Search companies