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Alceon’s SMS nabs laser eye group Lasersight
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Anthony Macdonald, Sarah Thompson and Kanika Sood
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Alceon’s SMS nabs laser eye group Lasersight
Alceon’s private equity unit is stepping up its share of the laser eye surgery market via portfolio company SMS Healthcare.
March 28, 2022
Alceon’s private equity unit is stepping up its share of the laser eye surgery market via portfolio company SMS Healthcare.
Alceon took a 50 per cent stake in SMS Healthcare late last year, and is helping bankroll its roll-up.
The PE shop’s helping bankroll SMS’ acquisition of refractive eye surgery clinic network Lasersight, which has five clinics and has carried out more than 70,000 procedures to date.
It’s SMS’ fourth acquisition since taking Alceon’s cash late last year; the others are also eye surgery clinics, including two in Queensland and one in Victoria.
Alceon PE co-head Zac Midalia reckons the purchases make SMS one of the biggest laser eye surgery practice owners in the country. Alceon owns a 50 per cent stake in SMS.
SMS other businesses include stakes in day and short stay hospitals, allied health and ophthalmology practices, usually investing alongside practice founders.
Originally published at https://www.afr.com/street-talk/alceon-s-sms-nabs-laser-eye-group-lasersight-20220328-p5a8mw
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