Thinking about selling a multi-specialty ASC?
An expert surgery center management partner
may be exactly what you need.
Physicians who own and want to sell a multi-specialty surgery center may reach a point in the business' life cycle when they consider adding a corporate partner. There are several benefits of selling a surgery center to an ASC management company.
Benefits physicians receive whenthey sell a surgery center to an ASC partner:
- Return on investment
- Decreased risk
- Maximized case volume and revenue
- Reduced management and administrative burdens
- Improved quality of life
- Access to capital resources
- Increased opportunities for organic and external growth
- Strong focus on patient care and outcomes
- Readily accessible senior management team
1. Realize a Return on investment
By adding a corporate management partner, physicians can unlock the value of their ASC and reap the rewards of the hard work and dedication put into building a successful business. A liquidity event gives physicians upfront cash in exchange for future distributions. Based on a number of criteria such as competition, reimbursement environment, partnership profile, and growth prospects, an ASC will be valuated at a multiple of EBITDA (Earnings before Interest, Taxes, Depreceiation and Amortization).
2. Decreased liability and risk
Whether the corporate partner owns a minority or majority stake in the ASC, physician partners lessen their exposure to a number of risks, including debt and potential legislative changes that could affect the value of the business.
3. Reduced administrative Burden
A trusted ASC management partner focuses on day-to-day operations, working closely with facility staff to ensure the business runs smoothly. This allows physicians to focus solely on what they care about and enjoy the most - patient care and outcomes.
4. Maximixe Case Volume
A seasoned ASC partner combines their experience, industry relationships, and proven practices to increase case volume. One important way to impact this is through physician recruitment. Concurrently, the management partner works to streamline operations, improving all aspects such as scheduling, staffing, and supplies management. These enhancements result in increased efficiencies that allow existing physician partners and utilizers to perform more cases in less time at the facility.
5. Improved quality of life
Physicians who select an ASC management partner discover that their work/life balance is easier to maintain. They gain freedom from conventional hospital settings, have more control over their surgical environment and boost efficiencies, all while increasing their future revenue.