CLINIQUE DE LA VISION (REFRACT SAS) acquired by POINT VISION
Context
Point Vision acquired a controlling stake in Refract SAS, the parent company of Clinique de la Vision. This acquisition allows Point Vision to integrate a leading refractive surgery capability into its vast consultation network. The target retains its identity and organization, but a medical advisory committee will be established to harmonize governance. This build-up follows the roadmap set by Ares Management (majority owner since 2021) to expand the group's medical offering.
CLINIQUE DE LA VISION (REFRACT SAS), which reported an EBITDA margin of in 2025, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Healthcare & Pharma sector (15.6x).
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Target
Founded in Paris, Clinique de la Vision is a leading network of ophthalmology centers specialized exclusively in refractive surgery (laser vision correction). It brings together 35 partner surgeons and ~30 operators. The structure performs nearly 15,000 refractive surgeries annually (including >5,000 in Paris) using dedicated technical plateaus.
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REFERENCES
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Press release: view release
Target: clinique de la vision (refract sas)
Acquirer: point vision