And, and so when, when these acquisitions happen, when, when private equity comes in, uh, how does it typically work out? Um, like how, how are eye clinics valued during acquisitions? What are the most common deal structures used in these transactions? What, what do private equity firms typically look for when they evaluate an eye clinic acquisition?

So yeah, I mean, it's-- there's a variety of things.

Um, I think the first thing is that they are very, very, very focused indeed on minimalizing downside r- downsize risk.

So, you know, I think that people that, that don't understand private equity or that maybe misconstrue how i- in twenty twenty six private equity firms run with what happened in the, um, late eighties in the United States with the PMCs, um, you know, don't, they don't kind of see this side of it, which is that their number one priority is that things don't go wrong, that they don't lose money, that they, that they don't make a bad investment decision.

So a lot of the way that they structure deals and a lot of the way that they value companies is, is geared around that.

You know, I think a good example is like a sole practitioner.

All right? Like you've got a-- You might have a surgeon who's like really well-known, everyone knows him right across the world, or her, um, right across the world with a big practice and, you know, doing loads of good work.

What, what is your experience on that, Alan?