4.10.2.4Vertical
Orthopedic & Spine ASCs
ASCs focused on orthopedic and spinal surgical procedures.
Market snapshot
These figures describe Ambulatory Surgery Centers (ASC) (4.10.2), the segment that Orthopedic & Spine ASCs sits within — not Orthopedic & Spine ASCs on its own.
- Market size
- ~$44B
- Growth
- ~7.4%CAGR (2017–22, nominal)
- Companies
- ~10,200
FragmentationConsolidatingEstimate
U.S. Census Bureau 2022 CBP/Economic Census, NAICS 621493 (Freestanding Ambulatory Surgical & Emergency Centers).
Business model & economics
Revenue model
Facility fees on outpatient surgical procedures
Key economics
- Recurring revenue
- Moderate
- EBITDA margin
- Strong
- Capex intensity
- High
procedure-volume-driven
efficient outpatient surgical economics
Characteristics
- Migration of surgery from hospitals to ASCs.
- Physician-ownership and ancillary economics attractive.
- Scaled operators and MSOs consolidating via JVs.
M&A deal context
Deal activityHigh
Who’s acquiring
- Scaled ASC operators
- Specialty MSO platforms
- Health-system & physician JV partners
What’s driving deals
- Surgery migration to outpatient settings.
- Physician-JV and ancillary economics.
- Consolidation by scaled ASC platforms.
Find Orthopedic & Spine ASCs acquisition targets
Search Acquisera’s index for companies classified under Orthopedic & Spine ASCs (4.10.2.4) and build a targeted deal pipeline.
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