SMS Healthcare has expanded, co-investing in LaserSight, an Australian laser refractive eye surgery clinic network with three clinics in Queensland and two in Victoria and Tasmania.
Backed by private equity group Alceon, this is the latest in a series of co-investments; SMS Healthcare acquired Medownick Laser Clinic, Victoria, Eye and Laser Centre, Gold Coast, and KindSight Eye Specialists, Brisbane and Redcliffe in late 2021.
The expansion puts SMS Healthcare in a prime position to meet the needs of growing demand for eye surgery. Currently a AU$1 billion industry, demand is forecast to increase over the next five years, with the highest growth expected in cataract surgery, laser correction and other types of corrective eye surgery.
“This strategic co-investment supports SMS Healthcare’s primary goal of giving patients across the eastern Australian seaboard access to top specialists, cutting-edge technology, and best-in-class treatment options in accessible locations near to home, assuring the best patient results,” said SMS Healthcare Managing Director, Carl Adams.
“With an ageing population and a backlog of elective eye surgery procedure demand following the pandemic, LaserSight’s track record and legacy will ensure a streamlining of the patient journey while also supporting our diversified healthcare consolidation strategy,” he added.
Across its wider portfolio, SMS Healthcare holds co-investments alongside the medical professional founders of 21 assets, including day and short-stay hospitals, allied health, and specialist medical practices spanning ophthalmology and laser eye surgery infrastructure across Queensland, New South Wales, and Victoria.