Healthcare

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In healthcare, a valuation carries both the accounts and a pipeline not yet proven.

In healthcare, a valuation carries both the accounts and a pipeline not yet proven. A single reimbursement decision can reprice a decade of work.

The decision that matters is value today against a future that is real but not yet proved.

Our expertise

The firm has valued healthcare businesses and intellectual property since 2008; its work today applies risk-adjusted income methods, and IFRS/IAS to practices, devices, diagnostics IP and pipeline, including purchase-price allocation and impairment. Every engagement is led by a qualified director and reviewed for independence.

Meet the team behind this work

How we work

We value practices, devices and pipeline IP with risk-adjusted income methods, and test the reimbursement and milestone assumptions that decide value. The client supplies the clinical, regulatory and reimbursement evidence; we set the method and own the review. It fits a funding round, an acquisition, an impairment test or a listing.

How we value healthcare assetsRisk-adjusted income, tested against reimbursement and milestones.
View the data
  1. Scope the asset & purpose
  2. Choose the method (risk-adjusted income)
  3. Model reimbursement & milestones
  4. Independent review
  5. Report: basis, method, assumptions

What you receive

  • A valuation report stating the basis, method and assumptions — what the board, buyer or auditor will test
  • Documented reimbursement and milestone assumptions — so the number can be reconstructed
  • Enterprise, device and pipeline-IP valuation under IVS 2025 and IFRS/IAS — for funding and reporting
  • Purchase-price allocation and impairment support (ASC 805 / IFRS 3; ASC 350 / IAS 36) — for transactions

The reimbursement and milestone assumptions are where value is decided — so we stress-test them first, and say plainly how much of the answer rests on each.

Industry valuation snapshot

Data as of 2026-10-07 · EODHD via apdb data plane · fair-value MCP

HK median P/E14.8x
US median P/E21.9x
HK discount vs US32%
US aggregate capUS$9.2tn

Decision-support only — not investment advice. Figures are unaudited and point-in-time; they move with price and reported earnings. Verify before publication.

Talk to us about Healthcare valuations