In the fast-paced environment of private equity, there are terms every physician should know. Here is a quick-reference guide to those terms and their definitions, compiled with insight from Candace S. Simerson, FASOA, COE, CMPE, president of iCandy Consulting LLC, and Shareef Mahdavi, president of SM2 Strategic.
Adjusted EBITDA: Adjustments made to EBITDA that a buyer will pay a multiple on; adjusting shareholder compensation to a real market rate and adjusting for one-time expenses or discretionary items that need to be added back in.
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