Fifteen respondents representing over 700 surgery centers in the U.S. participated in HealthCare Appraisers’ survey.
The key statistics to know:
Time spent finding ASC physician investors to closing a sale
1. Less than three months: 27 percent
2. Three to six months: 33 percent
3. Six months to one year: 40 percent
Most common buyers of controlling interest
4. Single outside third party: 57 percent
5. Single existing owner: 7 percent
6. Multiple outside parties: 0 percent
7. Multiple existing owners: 0 percent
8. Hospital or health system: 36 percent
Marketplace acquisitions observed
9. No change from previous year: 27 percent
10. Decreasing: 33 percent
11. Increasing: 40 percent
Acquisition competition observed
12. No change from previous year: 47 percent
13. Decreasing: 13 percent
14. Increasing: 40 percent
Most ASCs are physician-owned, according to the Ambulatory Surgery Center Association’s 2017 Salary & Benefits Survey.
A breakdown of ASC ownership:
15. Physician: 64 percent
16. Physician-hospital: 24 percent
17. Physician-corporate: 4 percent
18. Corporate: 4 percent
19. Hospital: 3 percent
20. Physician-hospital-corporate: 1 percent
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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.