Scottsdale • Phoenix • Maricopa County

The Standard for
Optometry Practice
Equity & Buyout Liquidity

Lumina Medical Capital structures precision capital for optometry practice acquisitions, partner buyouts, and equity realization events. Institutional discipline. Scottsdale proximity. Clinical-grade execution.

$2.8B+
Capital Deployed
340+
Transactions Structured
98%
Close Rate
SBA 7(a) Certified ESOP Structuring DSO / OSO Capital Private Equity Advisory
Practice Equity Estimator
Confidential. Non-binding. 60-second calibration.

By proceeding, you acknowledge this is a preliminary capital assessment, not a commitment to lend. All information is held in strict confidence under institutional NDA protocols.

Capital Architecture

Precision-Structured Liquidity Solutions

Every optometry practice holds latent equity. Lumina Medical Capital deploys institutional capital instruments calibrated to your practice's specific revenue architecture, market position, and transaction objective — from first consultation to executed close.

Ownership Transition

Practice Buyout & Exit Capital

Full and partial practice buyout structuring for ODs at peak valuation. We engineer the transaction — purchase price, earnout architecture, seller financing, and equity holdback — with surgical precision.

Acquisition Finance

OD Acquisition Liquidity

Capital deployment for the acquiring OD — structured to cover goodwill, hard assets, working capital reserves, and leasehold assumption. Scalable from single-practice to multi-site consolidation.

Equity Events

Partner Buyout Structuring

Dissolve or restructure partnership arrangements without disrupting clinical operations. Liquidity instruments designed to satisfy all parties while preserving the practice's going-concern value.

Growth Capital

Expansion & Multi-Site Capital

Capital for de novo buildouts, second-location acquisitions, and equipment-intensive expansion. Phoenix Metro & Maricopa Corridor growth mandates executed with institutional-grade underwriting.

Institutional Roll-Up

DSO / OSO Integration Capital

Bespoke capital architecture for private equity-backed roll-ups, DSO acquisitions, and optometry platform consolidations operating across Maricopa County and beyond.

Balance Sheet Optimization

Debt Restructuring & Refinance

Consolidate legacy practice debt, re-term equipment obligations, and unlock suppressed cash flow. Balance sheet surgery for the OD preparing for a future transaction at peak multiple.

AZ Optometry Ownership Compliant
SBA 7(a) & Conventional Capital
ESOP-Eligible Structures Available
Non-Recourse Options Available

Maricopa County Market Data

The Arizona Optometry Market Intelligence Report

The Scottsdale Medical Corridor is experiencing a generational consolidation event. Independent OD practices are transacting at historic multiples as DSO platforms, private equity aggregators, and strategic buyers compete for quality clinical assets.

6.2x
Median AZ Practice EBITDA Multiple
Top-quartile practices: 7.5x–9x
847
Licensed ODs in Maricopa County
14% projected retirement within 5 years
73%
Independent Practice Market Share
Declining 4–6% annually to DSO consolidation
$2.1M
Median Scottsdale Practice Transaction
Scottsdale corridor premium: +18–22%
Access Full Market Intelligence Report

Valuation Architecture

Estimate Your Practice's Institutional Value

Optometry practice valuation is a precision discipline — not a formula. The multiple applied to your EBITDA or gross collections depends on staff tenure, payer mix, equipment modernity, lease terms, and the competitive intensity of your submarket within Maricopa County.

This estimator provides a directional equity range. A formal Expert Practice Valuation from Lumina's advisory team will establish the defensible figure a buyer's institutional capital committee will accept at close.

Initialize Full Valuation Assessment
Practice Equity Estimator

Directional range only. Non-binding. For indicative purposes.

Annual Collections $1,200,000
Valuation Multiple 6.0x
Indicative Practice Equity Range
$7.20M
Based on gross revenue × selected multiple. EBITDA-based valuations will yield materially different results. Consult an advisory engagement.

Transaction Architecture

From Assessment to Close: The Lumina Protocol

Every Lumina engagement follows a four-stage capital deployment protocol — engineered to protect physician-owners from valuation erosion, transactional friction, and structural exposure.

Practice Intelligence Assessment

Confidential intake. We analyze your P&L, patient flow metrics, equipment slate, lease structure, and market position.

48–72 Hours

Institutional Valuation Report

A defensible, buyer-grade valuation report — not an estimate. Calibrated to Maricopa County comparables and current buyer appetite.

5–10 Business Days

Capital Structuring & Term Sheet

We architect the capital instrument — debt tranche, equity component, seller note, earnout mechanics — and deliver a binding term sheet.

5–7 Business Days

Execution & Funded Close

Coordinated close with your legal, CPA, and transition advisors. Capital deployed. Equity realized. Legacy secured.

30–90 Day Close
Initialize Practice Equity Assessment

No obligation. No fee. Institutional NDA at intake.

Physician Testimonials

The ODs Who Transacted at the Standard

"I'd been approached by three DSO groups. None of them could produce the valuation documentation Lumina delivered in ten days. We closed at 8.2x EBITDA — a number my accountant said wasn't achievable in this market."

Dr. R. Ashworth, OD
Scottsdale Medical Corridor • $3.4M Transaction

"The partner buyout was the most operationally complex transaction I'd ever been party to. Lumina structured the capital so that neither partner was disadvantaged. The clinical continuity was seamless. Patients noticed nothing."

Dr. M. Torres, OD FAAO
Chandler, AZ • Partner Buyout Engagement

"We were expanding into a second location in Mesa and needed acquisition capital in 45 days. Lumina delivered a structured commitment letter in nine days. We closed in 38. That's institutional execution."

Dr. K. Larsen, OD
Mesa–Tempe Corridor • Multi-Site Acquisition

"The 10-Year Exit Blueprint that Lumina produced became my practice's operating north star. Every decision — equipment purchases, staffing, lease renewals — was made through the lens of maximizing my exit multiple."

Dr. P. Vijayan, OD FCOVD
North Phoenix • Strategic Exit Advisory
Confidential Intake Protocol

Your Practice Has Institutional Value.
Know the Number.

The Maricopa County optometry consolidation window is open. Practices transacting in the next 18 months will capture multiples that systematically close as DSO appetite normalizes. Lumina Medical Capital ensures you transact at the institutional standard — or not at all.

Initialize Practice Equity Assessment

Complimentary assessment. Institutional NDA. No obligations.