What is the going rate for buyout of ambulatory surgery centers? I know that this is usually based on multiples of earnings or EBITDA (earnings before interest, taxes, depreciation, and amortization) minus debt, but I would like to know what the going multiples number is.

There are many mitigating factors, including the number and types of cases, payer mix, how many shareholders, capacity, and so on, but a decent standard for a minority shareholder buyout is 3 to 5 times EBITDA or 0.8 to 1.2 times revenue.