FMV BLOG

BuckheadFMV announces the release of the Cost of Physician Staffing Services Report, 2021. The report compiles pricing data included in 100 government contracts for physician staffing services. Benchmarks include average, median, and 25th, 75th and 90th percentile hourly rates charged by commercial staffing companies for on-site physician staffing services and after-hours physician call coverage. More than 80 specialties and allied health fields are represented. The report is

BFMV partners shed light on fair market value (FMV) and business valuation considerations for the ambulance industry and emergency medical services (EMS) in a recent BVR webinar. The talk highlighted the unique aspects of these appraisals within highly varying markets under state-specific regulations and patchy city and county controls. The wide spectrum of agency sizes; service types; and management, funding, and fee structures are significant factors that affect business mo

InnovAge Holding Corp. filed an IPO with the SEC on February 8, 2021, raising ~$350m at an enterprise value of ~$3.5b. With annualized revenue and adjusted EBITDA of ~$620m and ~$86m, respectively, the multiples workout to 5.6x and 40.6x. The offering comes shortly after a mid-2020 recapitalization based on a reported valuation of $950m. InnovAge was originally acquired by Welsh Carson in 2016 in the first non-profit conversion involving a PACE program for a reported price of

The Oklahoma Proton Center is being purchased for $62m by a newly formed non-profit organization in a transaction exclusively financed with over ~$72m of municipal bond debt (includes additional funds for debt service reserves and issuance costs). TOPC, which was built for approximately $120m in 2009 and financed with over $100m in debt obligations, has recently undergone a startling turnaround since being purchased out of bankruptcy in late 2018. According to bankruptcy cour