Physician Practices Industry Update 2019 March

Public physician practices, surgery centers and hospitals are currently trading at a median multiple of 9.8x (TEV / LTM EBITDA), down from the most recent cycle peak of 11.0x reached in June 2015.

Industry valuations follow the S&P 500 index relatively closely. However, public market data is limited as most providers are private.

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What is Mezzanine Financing

Mezzanine financing bridges the gap by providing capital in exchange for a higher interest rate, lower annual debt service and sometimes the option to convert the debt into equity shares of the company defaults on the loan. 

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‘Things To Consider For Business Owners After A Merger Or Acquisition’ - A Midlands Business Journal Article

Mergers and acquisitions, two very similar but very different business transitions.  Mike Anderson, Managing Director at Bridgepoint Investment Bank broke down the difference in the most recent issue of the Midlands Business Journal.  Anderson was asked to break down these two ideas and how companies should approach a sale, by Lee Nelson, staff writer of the Midlands Business Journal.  

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