Valuation Multiples for Minority Interests in ASCs

Here are multiples paid for minority interest physician-investor redemptions and physician-investor buy-ins for 2007-2008, according to HealthCare Appraisers’ Healthcare Transactions 2009 Year in Review.

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Multiples paid for physician-investor redemptions

2.0x-2.5x

  • 2007 — 0 percent
  • 2008 — 12 percent

2.5x-3.0x

  • 2007 — 17 percent
  • 2008 — 12 percent

3.0x-3.5x

  • 2007 — 33 percent
  • 2008 — 35 percent

3.5x-4.0x

  • 2007 — 17 percent
  • 2008 — 6 percent

4.0x and higher

  • 2007 — 33 percent
  • 2008 — 35 percent

Multiples paid for physician-investor buy-ins

2.0x-3.0x

  • 2007 — 23 percent
  • 2008 — 18 percent

3.0x-3.5x

  • 2007 — 31 percent
  • 2008 — 53 percent

3.5x-4.0x

  • 2007 — 23 percent
  • 2008 — 18 percent

4.0x and higher

  • 2007 — 23 percent
  • 2008 — 11 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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