Private Equity has been making big plays in Ophthalmology for the last several years- But PE's aren't just big news in the eye world, they're also making big gains with medical practices in general.

Here's a link to a good article about private equity and medicine https://www.healthleadersmedia.com/finance/private-equity-purchasing-more-physician-practices

In summary, the article points out that PE groups typically look for majority ownership opportunities and pay out over $1M per physician.  The article refers to a study that found independent private practices are "rapidly disappearing".  The article goes on to note the rise of the "corporatization of medicine."

This is really great news!  Here's some incredible news from one of the best Ophthalmology training and eye research centers in the U.S.; Wills Eye Hospital. Take a look.

WILLS EYE SPONSORS FIRST U.S. STUDY OF DEVICE FOR BLIND RETINITIS PIGMENTOSA PATIENTS

WILLS EYE HOSPITAL SPONSORS FIRST U.S. “EARLY FEASIBILITY STUDY” OF NEW IMPLANTABLE DEVICE FOR BLIND RETINITIS PIGMENTOSA PATIENTS
Wills Eye Hospital has been given Food and Drug Administration (FDA) approval to begin an early feasibility study (EFS) to implant the RETINA IMPLANT Alpha AMS sub-retinal device in patients blind due to Retinitis Pigmentosa (RP). The Alpha AMS is manufactured by Retina Implant AG, Reutlingen, Germany and has been designed to replace the non-functioning and absent photoreceptor cells in the eye lost to the RP deterioration. The surgically implanted Alpha AMS chip stimulates the remaining components of the visual system to restore limited functional vision in blind RP patients. The eye’s own natural focusing system (without the need of a camera) focuses light on a chip made of 1600 photo diodes. The RETINA IMPLANT Alpha AMS is an investigational device in the US and has CE Mark approval in Europe since 2016.

“This study represents the very earliest phase of clinically testing a potential new option for patients and families grappling with the devastating blindness caused by Retinitis Pigmentosa. We are thankful for the smooth process in working with the FDA and for the opportunity of offering this exciting technology in the form of an EFS investigational study to our blind RP patients for the first time in the U.S.” noted Julia A. Haller, MD, Wills Eye Hospital Ophthalmologist-in-Chief.

Retinitis pigmentosa is a degenerative eye disease which is the leading cause of inherited blindness in the developed world. There is no known cure for RP which affects an estimated 100,000 people in the USA and 1.5 million people worldwide. Approximately 1,500 individuals with RP each year progress to total blindness. Wills Eye Hospital is the only site in North America conducting this investigational research study and will enroll up to eight patients for implantation. If this initial study demonstrates encouraging results, a larger pivotal study will be performed to gain FDA approval.

Here's a link to the original article at Wills Eye Hospital: https://www.willseye.org/wills-eye-sponsors-first-u-s-study-of-device-for-blind-retinitis-pigmentosa-patients/

Here's a neat fact about the Wills Eye Hospital: More ophthalmologists have trained at Wills Eye than any other program in the U.S.