Vantage Point Advisors: healthcare fairness opinions
2 opinions in healthcare transactions, 2016-2016 — 2 to the target board. Each links to the filing and the full summary of analyses.
Deals
| Announced | Target | Acquirer | Segment | EV | EV/EBITDA | EV/Rev | DCF rate |
|---|---|---|---|---|---|---|---|
| 2016-12-22 | Network Medical Management | Apollo Medical Holdings | Physician Groups | $345M | 9.5x | 1.13x | 14.0%–16.0% |
| 2016-12-22 | Apollo Medical Holdings | Network Medical Management | Managed Care | $85.5M | — | 1.49x | 14.0%–16.0% |
Segments: Physician Groups (1) · Managed Care (1)
Discount rates Vantage Point Advisors has used
| Deal | Discount rate | Terminal | Growth / exit | Implied per share |
|---|---|---|---|---|
| Network Medical Management 2016 | 14.0%–16.0% | both | 3.0% | — |
| Apollo Medical Holdings 2016 | 14.0%–16.0% | both | 3.0% | — |
Peer companies Vantage Point Advisors selects most often
AMN Healthcare Services, Inc. (2) · Diversicare Healthcare Services, Inc. (2) · Genesis Healthcare, Inc. (2) · Kindred Healthcare, Inc. (2) · LHC Group, Inc. (2) · Pacific Health Care Organization, Inc. (2) · Quorum Health Corporation (2) · Select Medical Holdings Corporation (2) · Surgical Care Affiliates, Inc. (2) · Team Health Holdings, Inc. (2) · The Ensign Group, Inc. (2) · The Providence Service Corporation (2)
Precedent transactions Vantage Point Advisors cites most often
Envision Healthcare Holdings, Inc. / <UNKNOWN> (2) · USMD Holdings, Inc. / <UNKNOWN> (2) · VEGA Medical Professionals LLC / <UNKNOWN> (2) · Alliance Healthcare Services, Inc. / <UNKNOWN> (2) · B. E. Smith, Inc. / <UNKNOWN> (2) · Allied Healthcare International Inc. / <UNKNOWN> (2) · IPC Healthcare, Inc. / <UNKNOWN> (2) · Recruitment Group PS / <UNKNOWN> (2) · Omnicare Inc. / <UNKNOWN> (2) · Concentra, Inc. / <UNKNOWN> (2) · Healthcare Business Insights, LLC / <UNKNOWN> (2) · Physicians Practice Plus Inc. / <UNKNOWN> (2) · VISTA Staffing Solutions, Inc. / <UNKNOWN> (2) · Athas Health, LLC / <UNKNOWN> (2) · Conemaugh Health System, Inc. / <UNKNOWN> (2)