Acquisitions and Turnarounds
Compass has decades of experience in evaluating options for struggling centers, streamlining operations, and re-establishing cash flows for partners.
Are you a partner in an ASC where any of the following apply?
- No meaningful distribution for extended periods of time
- Flagging volumes and no meaningful recruitment of additional surgeons
- Aging partnership
- Falling reimbursement rates
- Low acuity case mix / low net revenue per case
- Frustrated partnership / governance issues
- Quality concerns
Is my capital structure and governance structure right for my entity?
As the ASC market has evolved over the past several decades, many Surgery Centers have achieved less than favorable returns, some have fallen into complacency, and others are facing a more severe financial crisis. We recognize that each partnership has its own unique set of goals in these situations: reenergizing the partnership, reestablishing a cash flow, streamlining operations, creating an exit strategy - just to name a few.
Restructuring and repositioning underperforming ASCs for maximum value is one of our core strategies. Hard work and tough decisions are necessary to maximize value in these situations, and we have proven our ability to execute appropriately.