EBITDA Margin Analysis for Surgery Centers by Case Volume

Here are the median EBITDA margins for surgery centers by net revenue depending on the ASC’s annual case volume, according to VMG Health’s 2009 Intellimarker.

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1. Less than $3 million

  • All facilities — 11.3 percent
  • Less than 3,000 cases — 11.2 percent
  • 3,000-5,999 cases — 15.7 percent
  • More than 5,999 cases — 10.9 percent

2. $3.0-$4.9 million

  • All facilities — 18.8 percent
  • Less than 3,000 cases — 31.7 percent
  • 3,000-5,999 cases — 21.2 percent
  • More than 5,999 cases — 14.0 percent

3. $5.0-$6.9 million

  • All facilities — 33.0 percent
  • Less than 3,000 cases — 43.0 percent
  • 3,000-5,999 cases — 34.0 percent
  • More than 5,999 cases — 29.7 percent

4. $7.0-$8.9 million

  • All facilities — 29.3 percent
  • Less than 3,000 cases — 48.5 percent
  • 3,000-5,999 cases — 34.6 percent
  • More than 5,999 cases — 28.1 percent

5. Over $9 million

  • All facilities — 37.4 percent
  • Less than 3,000 cases — 0.0 percent
  • 3,000-5,999 cases — 45.7 percent
  • More than 5,999 cases — 35.4 percent

Information comes from VMG Health’s Intellimarker benchmarking study. VMG Health is a leading valuation and transaction advisory firm in healthcare. To receive a complimentary copy of VMG Health’s 2009 Intellimarker, click here.

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