What should physicians consider when selling a surgery center?
Physicians who own and operate profitable multi-specialty or spine and orthopedic-driven surgery centers may seek a partner to take their business to the next level and continue to capitalize on the migration of higher acuity surgical procedures from inpatient to outpatient settings.
Meridian then works closely with the physician partnership to continue to grow the surgical facility organically as well as through physician recruitment efforts and expansion.
Considerations for selling a surgery center
Physicians looking to sell a surgery center want to receive the best return on investment possible. Understanding the factors that affect valuation can help physicians prepare to sell their ASC.
Meridian seeks partnerships with ASCs with the following characteristics:
- Multi-specialty or spine and orthopedic-focus ASCs (free-standing or part of a medical office building)
- Facilities with desire and capacity to add service lines such as spine and orthopedics
- Two to four fully-equipped operating rooms, one to two procedure/treatment rooms and ancillary areas for reception, pre-op, recovery, and administration.
- Facilities located in close proximity to physician offices.
- Utlized by only licensed physicians who have been approved by the center's medical credentialing committee.
Meridian considers the following when evaluation a new ASC Acquisition Partnership:
- Physician partnership and market demographics
- Capacity for growth (physical plant and partnership)
- Payer mix with a majority of in-network contracts
- Case volume
- Specialty mix