PYA Principal Jim Lloyd recently was cited in “What to Look for Beyond EBITDA,” an article by Richard Romero from The Ambulatory M&A Advisor.
Article Excerpt:
Jim Lloyd, Principal with PYA, says that a key factor influencing the valuation beyond EBITDA [Earnings Before Interest, Taxes, Depreciation, and Amortization] is the market in which the business operates.
“Things that are important to an investor would be, obviously competition; both competition currently and what may be perceived in the future. Therefore, consideration of whether the business is protected by a Certificate of Need, if applicable would be important,” Lloyd says.
Lloyd says that demographics are also a market factor that should be considered by investors. Investors should determine whether the market (i.e. population) is growing or shrinking and the related demographic mix to evaluate future demands for medical services.
If you’d like more information about healthcare valuation or to request a speaker on this topic for your organization or event, contact the experts listed below at PYA, (800) 270-9629.
