LBOs Come to Local Eyecare Businesses

According to the Wall Street Journal, leverage buyouts (LBOs) are hitting the local eyewear business: "Although we’ve seen a number of dental deals in the past 18 months, few GPs seem to be capitalizing on other facial real estate- except Candescent Partners. The firm recently struck a deal to acquire Rhode Island-based vision care provider Koch Eye Associates from its other private sponsors." Read more.