Here are three takeaways:
1. Valuation multiples for ASCs such as total invested capital and earnings before interest, taxes, depreciation and amortization increased from 6.6x in 2016 to 6.8x in 2017.
2. VMG expects the trend of ASC consolidation to continue in 2018 as centers seek protection from competitive risk and health centers diversify.
3. Also driving multiples growth is the high demand for outpatient surgery, regulatory tailwinds pushing outpatient volume and favorable economic variables for ASCs.
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