21
HealthCare Appraisers
2018 ASC VALUATION SURVEY RESULTS
What valuation multiples have you most typically observed during
the past 12 months for the following interests in predominantly
in-network centers?
2.0 - 2.9x
3.0 - 3.4x
3.5 - 3.9x
Minority Interest Single- Specialty Controlling Interest Single- Specialty
Controlling Interest Multi- Specialty
Q.
4.0 - 4.9x
5.0 - 5.9x
8
%
23
%
15
%
38
%
15
%
5.0 - 5.9x 6.0 - 6.9x
7.0 - 7.9x
23
%
38
%
38
%
3.0 - 3.4x
3.5 - 3.9x
4.0 - 4.9x
5.0 - 5.9x
14
%
21
%
50
%
7
%
7
%
Minority Interest Multi- Specialty
6.0 - 6.9x
6.0 - 6.9x
7.0 - 7.9x
29
%
64
%
7
%
8.0 +
*Does not total 100% due to rounding *Does not total 100% due to rounding
*Does not total 100% due to rounding
What percentage of revenue do you observe for the following
ASC operating expenses (in-network centers only)?
Q.
10 - 19.9%
20 - 20.9%
30 - 39.9%
7
%
87
%
7
%
Salary and Benefits
Occupancy
Drugs, Medical Supplies and Implantables
10 - 19.9%
20 - 20.9%
40
%
60
%
0 - 9.9%
10 - 19.9%
20 - 20.9%
33
%
60
%
7
%
*Does not total 100% due to rounding
