We are pleased to release the results of the 2018 Physician-Owned Hospital (“POH”) Valuation Survey. In cooperation with Physician Hospitals of America, HealthCare Appraisers, Inc. (“HAI”) surveyed POH market participants to determine trends in the value of POHs, management fees charged to these entities, and trends related to POH revenue and expenses. Twenty-two entities responded to this year’s survey. The following summarizes highlights of the survey.