Steve Wybo: Buyers, business partners eye ophthalmology’s attractive demographics – Ophthalmology Business
Ophthalmology Business featured Steve Wybo in its article titled “Buyers, business partners eye ophthalmology’s attractive demographics.”
The M&A field within health care—including ophthalmology—has seen a whirlwind of activity the past several years, said Steve Wybo, senior managing director, Conway MacKenzie, Birmingham, Michigan. Mr. Wybo specializes in helping distressed businesses and is a certified turnaround professional. “2015 was the biggest year ever for health care mergers and acquisitions, with $500 billion in sector investments,” Mr. Wybo said, citing data from the trade magazine Modern Healthcare.
Since the passage of the Affordable Care Act (ACA), M&A for medical practices continued to rapidly increase, with the exception of dips in 2012 and 2013 amidst further reform initiatives. The shift to newer health models, including population health and value-based reimbursements, has factored into the M&A activity, Mr. Wybo said.