The ASC market is uniquely positioned to continue attracting PE involvement. With 11,521 ASCs nationwide—of which, approximately 6,300 are Medicare-certified—the market is diverse, with a near-even split between single-specialty and multi-specialty centers. The total addressable market is estimated to range from $130 billion. In such a fragmented ecosystem, portfolio companies like Surgery Partners can acquire individual ASCs at a lower multiple—often around 7–8x—while attracting outside capital at higher valuations due to their size, growth potential, diversified market, and professional management. Moreover, the industry tailwinds favoring outpatient migration support this strategy.
Read the full article: Surgery Partners: A Case Study on Private Equity in the ASC Market //
Source: https://vmghealth.com/insights/blog/surgery-partners-a-case-study-on-private-equity-in-the-asc-market/