Adam Lynch of Principle Valuation discusses the smartest thing he's seen an ambulatory surgery center do in 2011.
Adam Lynch: We did a business valuation (real estate, equipment, and operations) for an ASC owned by a group of physicians. They were considering selling to a local hospital and wanted to know the different values. This valuation was done before any discussions took place with the hospitals.
Why was it smart? It is crucial to know what you are worth and why. An owner may have an idea what they are worth or the number they would prefer, but getting an outside valuation gives you market value. This group was proactive and was able to use our information to help with their strategy.
Related Articles on ASC Operations:
5 Tips for Updating a GI Center's Technology
50 Benchmarks on Surgery Center Finances
20 Benchmarks for Small Ambulatory Surgery Centers
Adam Lynch: We did a business valuation (real estate, equipment, and operations) for an ASC owned by a group of physicians. They were considering selling to a local hospital and wanted to know the different values. This valuation was done before any discussions took place with the hospitals.
Why was it smart? It is crucial to know what you are worth and why. An owner may have an idea what they are worth or the number they would prefer, but getting an outside valuation gives you market value. This group was proactive and was able to use our information to help with their strategy.
Related Articles on ASC Operations:
5 Tips for Updating a GI Center's Technology
50 Benchmarks on Surgery Center Finances
20 Benchmarks for Small Ambulatory Surgery Centers