COVID-19 and the Healthcare Real Estate Market: Short-Term Leasing Arrangements and Rent Restructuring

COVID-19 and the Healthcare Real Estate Market: Short-Term Leasing Arrangements and Rent Restructuring

COVID-19 and the Healthcare Real Estate Market: Immediate Reaction On March 11, 2020, the World Health Organization (WHO) declared COVID-19 a global pandemic.  Over the ensuing weeks, local, state, and national governments have enacted a variety of policies focused on reducing the spread of the disease and the short-term impact on the healthcare system. The… Read More

COVID-19: Impacts to ASC Buy-Sell Provisions?

COVID-19 Impacts to ASC Buy-Sell Provisions

Ambulatory surgery centers (“ASCs”) are freestanding facilities which exclusively provide low-acuity surgical procedures to patients on an outpatient basis. Surgical procedures performed at an ASC do not require a hospitalization, typically require less than a 24-hour stay, and do not pose a significant safety risk to the patient. The first ASC was opened in 1970,… Read More

VMG Health Completes Partnership with Northlane Capital Partners

Dallas, Texas – March 18, 2020 VMG Health, a market leader in healthcare consulting services, has successfully completed a partnership with Northlane Capital Partners, a middle market private firm focused on business services and healthcare. The employees of VMG Health continue to own a significant stake in the business and along with Northlane will continue… Read More

Diagnostic Imaging Financial Due Diligence: 5 M&A Considerations

diagnostic imaging due diligence

Consolidation within the healthcare services industry continues across multiple sectors. Private equity firms with large amounts of uninvested capital are increasingly looking to healthcare service businesses across many subindustries for investment, while health systems are seeking investment in outpatient businesses for integrated delivery models and payor pressure. This attention may increase transaction multiples for desirable… Read More

Managing Physician Compensation Through a Pandemic

coronavirus (COVID-19) pandemic physician compensation

Considerations for Physician Compensation in the Wake of the COVID-19 Outbreak In times of significant economic uncertainty, health system leadership will be concerned with how the downturn might impact their employed physician provider base and the local communities they serve. While the healthcare industry has fared better than others during prior economic downturns, the current… Read More

Combating COVID-19: Hazard Pay for Healthcare Providers

Combating COVID-19: Hazard Pay for Healthcare Providers

Written by: Ben Ulrich, CVA, James Tekippe, CFA, Mallorie Holguin, and Thomas Birdsong The outbreak of the novel coronavirus and the disease it causes, coronavirus disease 2019 (“COVID-19”), has gripped the world in a pandemic. As of March 19th, over 205,000 cases and more than 8,500 deaths have been reported worldwide due to COVID-19 [1]. Healthcare systems… Read More

Revenue Matters – Reimbursement Considerations for a Transaction: Lessons Learned (Part 2)

As mentioned in Part 1 of this article, contract reimbursement is a critical component of revenue for healthcare service businesses, as is understanding the impact an acquirer’s managed care contracts will have on a target’s revenue. A “black box” reimbursement analysis can assess the overall impact to revenue; however, the black box analysis can also… Read More

Home Health Business: Market Dynamics & Future Opportunity

Contributors: Colin McDermott, CFA, CPA/ABV, Corey Palasota, CFA, Emily Schmidt, CFA & Wilbur Benitez, CPA CMS finalized the Calendar Year 2020 payment and policy changes for the home health industry on Thursday October 31, 2019. The home health industry had been waiting for the final estimated impact of the Patient-Driven Groupings Model (PDGM) and, to… Read More

Healthcare Quality of Earnings: Top 5 Lessons Learned to Protect Investors

healthcare quality of earnings

Mistakes are magnified in frothy capital markets when transaction prices and deal multiples are high. The healthcare sector continues to garner the attention of investors as private equity investment and consolidation drive multiples higher across the healthcare spectrum. Elevated multiples paid on healthcare businesses call for expert financial due diligence and quality of earnings analyses… Read More