Recipes and Stuff

Recipes, Food, Health, Lifestyle, and News

Menu
  • Industry News
  • Cakes
  • Soups
  • Vegan lifestyle
  • Indian recipes
  • Desserts
  • Blog
  • About
Menu

Consolidated Financial Holdings to acquire Amplify Eyecare Limited

Posted on December 2, 2022December 2, 2022 by Kiran

SYDNEY, AUSTRALIA: Consolidated Financial Holdings Limited (ASX: CWL) has signed a conditional share purchase agreement to acquire all of the issued shares in Amplify Eyecare Limited.

Amplify operates optometry practices, including the provision of vision diagnostics, vision therapy, surgery, dispensing of spectacle frames, lenses and contact lenses, and develops software services relevant to these services.

Amplify EyeCare Pty Ltd was incorporated on 10 March 2021 in Victoria as an operator of established optometry practices providing medical eyecare and dispensing optical products. The Company converted to an unlisted public company on 21 October 2021.

Amplify currently owns and operates four (4) optometry practices providing medical eyecare and dispensing optical products in the USA. The approximate combined revenue across the four practices for the year ended 31 December 2021 was $3.1million, and the approximate combined EBITDA for the same period was $0.6million (amounts in AUD and translated at a spot rate of 0.6889 USD to $1 AUD). Amplify also manages an independent practice under contract.

Amplify’s business model is to operate and expand a network of optometry practices, initially in the USA. Consolidated Financial Holdings intends to achieve this by identifying, acquiring and integrating new clinics and by organically growing its practice portfolio.

The Company’s plans for the future growth include:

• deploying new high-value medical and speciality optometry services to acquired practices, increasing revenue and profitability;

• create doctor engagement via training and focus on medical services;

• optimisation of practice operations, generating cost efficiencies through scale and digitisation;

• patient communication and management strategies that integrate leading approaches to treatment and ongoing clinical management, improving patient retention and value per patient; and

• further acquisitions.

To aid the delivery of these plans, the company has developed the AmpUp software suite, which optimises practice workflows, orchestrates new service delivery, engages clinicians by providing interactive learning programs for speciality services, and digitises routine tasks and patient communications.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Advanced Medical Solutions Group has acquired Connexicon Medical Limited
  • Scancell Holdings appoints Dr Jean-Michel Cosséry as Non-Executive Chairman
  • Actinogen Medical appoints Dr Dana Hilt as Chief Medical Officer
  • Adherium launches new Interactive Investor Hub
  • Mayfair Equity Partners offers to acquire Seraphine Group for 30 pence/share

Recent Comments

  1. 먹튀사이트 on Ancient Chinese coastal city is a desirable destination for foodies
  2. 먹튀검증업체 on Bayer strengthens Government & Industry Affairs group in Key U.S. market
  3. 먹튀검증업체 on Evgen Pharma expands collaboration with Manchester Breast Centre
  4. Business Ideas UK on Ancient Chinese coastal city is a desirable destination for foodies
  5. Business Ideas UK on AstraZeneca and Neurimmune close deal for NI006

Archives

  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022

Categories

  • Blog
  • Cakes
  • Desserts
  • Indian recipes
  • Industry News
  • Recipes
  • Soups
  • Trending Beverages
  • Uncategorized
  • Vegan lifestyle
©2023 Recipes and Stuff | Theme by SuperbThemes