Baptist Health

Ponder's Independent Valuation Analysis and Fairness Opinion Supports the Acquisition of a Competing Hospital

Baptist Health South Florida sought an independent expert to determine if its proposed purchase price for a competing hospital was reasonable, from a financial perspective. Ponder's valuation analysis and fairness opinion provided critical support for the Board of Directors' decision to acquire the hospital.

Category	Description
Organization	Located in Coral Gables, Florida 4 hospitals, 1,033 beds Dominant position in South Florida market
Situation	One of several acute care hospitals divested by the financially distressed HealthSouth Corporation Located in a high-income Miami suburb Baptist faced significant capacity constraints at its nearby South Miami Hospital Baptist was unable to rely on the accuracy of the target hospital's financial information
Outcome	Ponder performed an independent valuation and analysis of the hospital and delivered a fairness opinion Ponder assessed the long-term strategic value of acquisition vis-à-vis the impact on Baptist's profitability, market share and debt rating; concluded that it was in Baptist's best long-term strategic interest

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