1. 82 percent of respondents report that they seek de novo opportunities. Those seeking de novo opportunities increased significantly from the last HealthCare Appraisers survey,
2. For a de novo surgery center, 24 percent of respondents reported “buy-in” prices of $10,000-$15,000 per 1 percent interest, and 46 percent report pricing of less than $10,000. This reflects a marked decrease in unit value from last year’s survey. 81 percent of the respondents indicated a general preference to hold minority (i.e.., less than 50 percent) ownership interests in ASCs. Only 19 percent indicated a desire for a majority interest, and no respondents indicated a desire to acquire greater than a 75 percent ownership interest.
3. 94 percent of the respondents require a personal guarantee of a pro rata share of any initial debt obligation for de novo centers.
To receive a copy of the 12-page Healthcare Transactions 2010 ASC Valuation Survey, please contact HAI at info@hcfmv.com or (561) 330-3488 or download a PDF version at www.healthcareappraisers.com.
Learn more about ASCs from other HealthCare Appraisers’ surveys:
– Methodology for Determining Purchase Prices for New Physician Investors
– Valuation Multiples for Minority Interests in ASCs
– Impact of Hospital Ownership on an ASC’s Value to a Third-Party Management Company
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