Business valuation mandate in the context of a capital reorganization operation

Mandate description

Mandate ofbusiness valuation led to a Private health care establishment in French-speaking Switzerland, operating in the fields of surgery, of the physiotherapy And of the specialized medicine.
The mission, carried out on behalf of historical shareholders, aimed at determine the economic value of the company as part of a reorganization of capital prior toEntry of a new shareholder intended to support the development of the activity.

The establishment has a modern technical platform, of a capacity for several dozen beds, and of a multidisciplinary medical profession recognized for its expertise.
The evaluation was conducted on the basis of a enterprise value interval between 10 and 15 million Swiss francs, consistent with the Swiss sectoral references And the growth prospects of the establishment.

Key issues

The main challenges were to understand real economic performance in a highly regulated environment and at identify the levers for creating sustainable value in the health sector.

The mission required the implementation of multiple assessment approaches :

• one discounted cash flow (DCF) approach, adapted to the stability of medical incomes;
• one relative approach, based on Multiples observed in the private hospital sector, generally between 8x and 12x EBITDA, according to specialization and real estate structure;
• And the Practitioners' method, used as a complement and appended to the evaluation report.

The aim was to determine a consistent range of economic value With the operational reality And the future investment project, including the creation of a new physiotherapy platform intended to expand the offer of care.

Approach and results

The evaluation was conducted according to a rigorous and independent methodology, in accordance with international standards (IVS) And the Swiss evaluation standards.The work made it possible to determine a clear and justified value range, serving as basis for discussion between shareholders and potential investors.

This mission contributed to securing financial governance of society and to prepare for the introduction of a strategic partner while respecting the medical continuity of the establishment.