

The 30 Largest Healthcare Deals of 2018: Who Got the Lowest Valuations?
We ranked the 30 largest healthcare services and information technology deals of 2018, according to our database, by valuation multiple. The lowest reported price to EBITDA multiples (10x or lower, sorted alphabetically) are listed below. Aurora Diagnostics: Sonic Healthcare Limited announced it entered into an agreement to acquire Aurora Diagnostics, one of the leading providers of anatomical pathology services in the U.S., in December. Aurora is a frequent acquirer of hosp
Feb 11, 2019


The 30 Largest Healthcare Deals of 2018: Who Got the Highest Valuations?
We ranked the 30 largest healthcare services and information technology deals of 2018, according to our database, by valuation multiple....
Jan 8, 2019


CON Laws, Scope of Practice Restrictions, and Provider Non-Compete Clauses Targeted in New Trump Adm
On Monday, December 3, 2018, the Department of Health and Human Services (HHS) – in collaboration with the Departments of the Treasury and Labor, the Federal Trade Commission, and several offices within the White House – released a report detailing recommendations for improving choice and competition in the healthcare industry. The report identifies areas where the Administration believes federal and state rules restrict choice and competition. It also identifies actions the
Dec 4, 2018


Valuation Trends: Healthcare Services Valuation Multiples
One of the questions we get asked a lot is how valuations have changed over time. While we usually answer this question with only anecdotal evidence, here we’ve tried to answer it with data. There are a couple of issues with doing this type of analysis: Finding a large enough sample for each year Ensuring the relative comparability of the sample used from year to year Where possible, adjusting for other key factors that influence the valuation multiples, such as size In or
Nov 26, 2018


Which Healthcare Services Segments Have the Highest Margins?
One of the many benefits of tracking healthcare transactions closely and maintaining a very large database of deals where we can get reliable price to EBITDA and revenue multiples is that it provides insight into profit margins for segments where other financial benchmarking information is sparse. Starting with this sample of healthcare transactions where financial terms were disclosed publicly, we eliminated general acute care hospitals and physician practices since they ty
Nov 19, 2018


CMS Makes Assessing Provider Market Saturation Easier with a New Interactive Database
CMS' offers a helpful online tool that shows provider market saturation levels at the national-, state-, and county-levels for the following health services: Ambulance (Emergency, Non-Emergency, Emergency & Non-Emergency) Cardiac Rehabilitation Programs Chiropractic Services Clinical Laboratory (Billing Independently) Federally Qualified Health Centers Home Health Independent Diagnostic Testing Facilities (Part A and Part B) Hospice Long-Term Care Hospitals Ophthal
Oct 31, 2018


ACO Results for Performance Year 2017: Top 4 Insights
CMS released performance year 2017 results in August for the Medicare Shared Savings Program (MSSP). It was definitely a big year for...
Sep 3, 2018


Commercial Reasonableness and Physician Employment Arrangements: Two Points of View
A common assignment for a health care valuation consultant is to review a proposed employment agreement between a hospital (employer) and...
Jul 28, 2018








