Financial
ASCOA routinely achieves returns far in excess of that which is typical for
new ventures or that of other investment opportunities generally available.
These remarkable results derive from focus and discipline in our approach to
development and management.
Our successful track record reflects a proven methodology that includes:
efficient design; sound fiscal management; the ability to leverage economies of
scale of a large network of facilities; experienced decision-making; a proven
operating model; and the agility to stay ahead of industry trends.
Based on our experiences with surgery centers at all stages of development, we've developed detailed surgery center development financial models and sophisticated surgical center turnaround models.
We integrate our experience with the unique circumstances of each facility
bring out the best in all our facilities, financially and clinically.
Limited Personal Exposure.
At ASCOA, we believe financing with a jointly and severally
guaranteed bank loan is an unacceptable risk. Too much personal exposure is involved when each partner
must guarantee a full loan amount that can reach into the millions. To answer this, ASCOA has developed
limited-recourse sources of financing.
Using limited-recourse financing, the surgery facility's leasehold improvements often can be funded
with personal guarantees limited to each partner's percentage interest in the project. The center's
equipment can typically be financed without any personal guarantees. The center's working capital
requirement is met individually by the center's partners on a pro rata basis.