CON Valuation: Where's the Market Data?
For those of you who’ve been involved in a transaction where the only asset transferred is a certificate of need, you’ve probably found that market data is scarce for CON-only deals. One potential data source we’ve spent some time reviewing recently is the 10-Ks and Qs filed by publicly-traded surgery center companies with the SEC. We found some useful tidbits of information in Surgical Care Affiliates’ filings for 2015 and 2016 (SCA was acquired in early 2017). SEC filings