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BUSINESS ADVISOR
If your ASC had 10 physician-owners, dividing this figure by 10 would
provide those physicians the value of their individual shares in the event
one wants to cash out. If your hospital-based facility had 4 physicianowners and a hospital partner, you'd be able to determine their shares
based on the percentages each owns (for example, 51% to the hospital,
49% divided by 4 for each physician). If a hospital is looking to buy your
surgery center, this net book value can provide a guide for the purchase
price.
Financial foresight
A note on depreciation: It's subtracted from assets, but counted under
assets because it relates directly to the calculation of value for your
capital equipment and other capitalized items. You can leave the tax
implications of this to your accountants — that's their job. But the
next time you get together with your financial advisors, ask if they'd
like to add the updated inventory figures to your assets in the books.
Watch their expressions — they'll know that you're in the know. OSM
Mr. Earnhart (searnhart@earnhart.com) is the president and CEO of
Earnhart & Associates in Houston, Texas.
F E B R U A R Y 2013 | O U T PAT I E N T S U R G E R Y M A G A Z I N E O N L I N E
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