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Considering selling an interest in your surgery or endoscopy center?
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By Matt Searles, Managing Partner, Merritt Healthcare
Merritt is an owner and operator of Ambulatory Surgery Centers as well as an active advisory service, guiding sellers and buyers of ASCs through successful transactions.
There is currently a robust, active market for the acquisition of ASCs and endoscopy centers. There are several different types of buyers evaluating these opportunities, including national ASC companies, hospitals, large medical groups and private equity firms. For centers with the right profile, multiples are still in the 7x earnings range. While consolidation has reduced the field of purchasers, there is still a strong interest in the market.
Why consider selling?
Selling an interest in your ASC has specific advantages:
- Diversification, Reduction of Risk. Selling an interest can reduce exposure to risks associated with ASC ownership and diversify your wealth.
- Liquidity Event at Capital Gains Tax Rates. Selling your facility provides a liquidity event that is federally taxed at the capital gains tax rate of 15%, versus 35% for ordinary income gains. Assuming one were to sell at 7 times earnings, it would take 10+ years to earn an equivalent amount of income from the center.
- Economies of Scale. Selling to a national ASC company or hospital can provide management, purchasing and contracting economies of scale that can enhance the value of your facility.
To read the entire article click on the below link:
Contact Merritt Healthcare at:
Somers Town Center, B415
Somers, New York 10589
Tel 914.556.6266
contactus@merritthealthcare.com
www.merritthealthcare.com
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Welcome, new AmkaiSolutions clients!
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Thank you to all our new clients for putting their trust in us to deliver the best EMR and business management solutions:
1. Brookstone Surgical
Columbus, GA
AmkaiOffice and AmkaiCharts
2. Endoscopic Procedure Center
Syracuse, NY
AmkaiOffice and AmkaiCharts
3. Westchester-Putnam Gastro
Carmel, NY
AmkaiOffice and AmkaiCharts
4. Gotham Gastroenterology
New York, NY
Additional Features
5. Evansville Surgery Center
Evansville, IN
AmkaiOffice
6. Lakeview Surgery Center
Warner Robbins, GA
AmkaiOffice and AmkaiCharts
7. North Columbus Surgery Center
Columbus GA
AmkaiOffice and AmkaiCharts
8. St. Vincent's Eye Surgery Medical Center (Covenant Surgical
Partners)
Los Angles, CA
AmkaiOffice
9. Vitreoretinal Associates of Washington (Proliance
Surgeons)
Seattle, WA
AmkaiOffice
10. Virtua Health (5 ASCs)
AmkaiOffice and AmkaiCharts
Advanced Surgical Institute
556 Egg Harbor Road, Suite B
Sewell, NJ 08080
Memorial Ambulatory Surgery Center
160 Madison Avenue
Mount Holly, NJ 08060
Summit Surgical Center
110 Carnie Boulevard
Voorhees, NJ 08043
Vantage Surgery Center
180 Route 70
Medford, NJ 08055
Virtua Center for Surgery
239 Hurffville-Cross Keys Road, Suite 180
Sewell, NJ 08080
11. Carlsbad Surgery Center (Surgery One)
Carlsbad, CA
Additional Features
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Installation of 5010 version is underway!
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Installation of AmkaiOffice version 3.9 began in August. The early release is intended to help users test, validate and be fully operational with AmkaiOffice by Jan. 1, 2012, when the federal mandate takes effect.
"It was very important to have the new 5010 transactions standards available to our clients with an early release, so they had the opportunity to implement, test and iron out any issues well in advance of the deadline," said Joe Macies, AmkaiSolutions President and CEO. "Our physicians, clinics, ASCs and surgical hospitals felt this was critical to their operations."
The 5010 mandate requires providers, health plans and clearinghouses to upgrade from the current HIPAA 4010A1 transaction standards to the new 5010 standards. The 5010 standard requires that certain healthcare administrative transactions are conducted electronically. This includes claims, remittance, eligibility, and claims status requests and responses.
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AmkaiSolutions Holiday Giving Program Gives Clients the Chance to Give Back
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We're excited to be starting a holiday tradition this year, one that allows our clients the opportunity to help others. Instead of a traditional holiday gift, we are celebrating the season by making a contribution to charities of our clients' choice. We've selected 5 organizations to pilot the program; clients will be asked to select an organization to which we will make a contribution on their behalf:
- American Cancer Society
- Boys and Girls Club of America
- ASPCA
- The Nature Conservancy
- Disabled American Veterans
With so many non-profit organizations needing support today, it is gratifying that we can partner with our clients to help make a difference.
On behalf of the entire AmkaiSolutions family, our best wishes for a healthy and safe holiday season!
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WE HAVE MOVED! | |
200 Business Park Drive, Suite 208
Armonk, NY 10504
914.273.5790
or toll-free for sales and support:
855-GO-AMKAI (855.462.6524)
Fax: 914.801.5932
www.amkaisolutions.com |
About AmkaiSolutions™
AmkaiSolutions™is a trusted industry leader, offering innovative software solutions and services to ambulatory surgery centers, associated practice and clinics, and surgical hospitals. AmkaiCharts™, the #1 rated EMR, is specifically designed for the fast-paced, procedure driven healthcare delivery model. The rapid case-centric flow is intuitive, easy to use, and allows facilities to eliminate paperwork and focus on patient care. AmkaiCharts fully integrates with AmkaiOffice™, the company's next generation administrative and management system.
AmkaiOffice tracks all required data, helps reduce supply costs and ensures timely completion of tasks, while providing detailed profitability reporting of case costing, and corporate/facility financial reporting and modeling. Both AmkaiOffice and AmkaiCharts are fully customizable to adapt to the specific workflow of the facility.
For further information, visit www.amkaisolutions.com
or call 855.462.6524 x106 and ask for our CEO, Joe Macies.
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