Impact of Hospital Ownership on an ASC’s Value to a Third-Party Management Company

Hospital ownership can occasionally affect the price a management company may pay for ASCs. Here are the impacts of hospital ownership as reported by management companies and the impact expressed in terms of multiples of EBITDA, according to HealthCare Appraisers’ Healthcare Transactions 2009 Year in Review.

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Impact of hospital ownership

  • No impact — 53 percent
  • Premium (adds to value) — 23 percent
  • Discount (detracts from value) — 18 percent
  • Not applicable — 6 percent


Impact expressed in multiples of EBITDA

  • Less than 0.25x — 14 percent
  • 0.26x-0.50x — 29 percent
  • 0.51x-0.75x — 29 percent
  • 0.76x-1.0x — 14 percent
  • More than 1.0x — 14 percent

To receive a copy of the 20-page Healthcare Transactions 2009 Year in Review, please contact HAI at info@hcfmv.com or (561) 330-3488 or download a PDF version at www.HealthCareAppraisers.com.

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