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
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.