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M&A

CLINIQUE DE LA VISION (REFRACT SAS)

Acquired by

POINT VISION

FRANCE Health Providers 01/2026

Target

CLINIQUE DE LA VISION (REFRACT SAS)

Acquirer

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.

This transaction is part of the Healthcare & Pharma industry, which currently tracks an average EBITDA multiple of 13.4x since the beginning of 2026, 1.2% decrease compared to 2025. This data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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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.

Ent. Value

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Equity Value

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Multiples Analysis

EV / Revenue

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2025
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2024
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Other operations with CLINIQUE DE LA VISION (REFRACT SAS)

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