At the 10th Annual Orthopedic, Spine and Pain Management-Driven ASC Conference in Chicago on June 15, Elliott Jeter, partner at VMG Health, and Colin McDermott, senior manager, discussed how ASCs can utilize information to understand trends in ASC valuation.
Public information
Mr. Jeter said there is a "smorgasbord" of data and information readily available for surgery centers on ASC valuation trends. Capital IQ, among other things, allows one to view in-depth profiles of public and private firms, including financials, transaction data, analyst research and estimates, filings and company news.
Private information
Private companies, such as VMG, collects a vast array of detailed data on healthcare providers, including acute-care hospitals, ambulatory surgery centers, post acute-care hospitals and laboratory services. The aggregation of the pooled information leads to a comprehensive summary of trends in the ASC space.
Industry experts
Industry experts can also be beacons of insight on changes in the market. Mr. McDermott explained Kyle Bass, managing director and principal of Hayman Advisors, correctly called the subprime debt crisis in 2006 based on publicly available information.
Mr. Jeter and McDermott concluded the session by detailing the following expert insight on the ASC industry:
• The ASC industry is mature and stable.
• There are signs of improved surgery volume.
• Reimbursement in most cases continues to be stable.
• The combination of slightly higher volume and reimbursement means ASCs can become more profitable through increased efficiency.
Public information
Mr. Jeter said there is a "smorgasbord" of data and information readily available for surgery centers on ASC valuation trends. Capital IQ, among other things, allows one to view in-depth profiles of public and private firms, including financials, transaction data, analyst research and estimates, filings and company news.
Private information
Private companies, such as VMG, collects a vast array of detailed data on healthcare providers, including acute-care hospitals, ambulatory surgery centers, post acute-care hospitals and laboratory services. The aggregation of the pooled information leads to a comprehensive summary of trends in the ASC space.
Industry experts
Industry experts can also be beacons of insight on changes in the market. Mr. McDermott explained Kyle Bass, managing director and principal of Hayman Advisors, correctly called the subprime debt crisis in 2006 based on publicly available information.
Mr. Jeter and McDermott concluded the session by detailing the following expert insight on the ASC industry:
• The ASC industry is mature and stable.
• There are signs of improved surgery volume.
• Reimbursement in most cases continues to be stable.
• The combination of slightly higher volume and reimbursement means ASCs can become more profitable through increased efficiency.