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I work for a PE backed roll up in this space. And have some broad healthcare background. Margins are healthy, but the store fronts easily close without the pr
by conductr 7y ago
I work for a PE backed roll up in this space. And have some broad healthcare background. Margins are healthy, but the store fronts easily close without the product margins. That’s why the hard push to buy in store. It’s called capture rate in the industry.
In the US, much of the healthcare regulation like this has been to ensure widespread access to care. In this case, by an optometrist not an optician. Remember, historically and maybe even today, we’re a pretty rural and sparsely populated country and the government is giving doctors a reason to open stores in every tiny town. Not saying I agree, just that is what is at play. If reverse this, access will be reduced significantly and US regulators have track record of not liking actions that reduce access.