Market Rates
P25/P50/P75 MOIC and IRR · 365 realized deals · grouped by sector
🛡️ Public data only — no PHI permitted on this instance.
Corpus N (Realized)
365
of 655 total
P25 MOIC
2.00x
lower quartile
P50 MOIC
2.80x
corpus median
P75 MOIC
3.50x
upper quartile
P50 IRR
24.0%
median realized IRR
Loss Rate
14.8%
MOIC < 1.0×
BASE RATES BY SECTORall corpus26
Base Rate Distribution — Sector (P25 / P50 / P75 MOIC, min n=3)
| Sector | N | P25 MOIC | P50 MOIC | P75 MOIC | Distribution | P50 IRR | Loss Rate | 3x+ Rate | Avg EV | Avg Hold |
|---|---|---|---|---|---|---|---|---|---|---|
| managed_care_services | 4 | 3.70x | 4.25x | 4.62x | 36.0% | 0.0% | 75.0% | $879M | 4.2yr | |
| asc | 8 | 3.27x | 3.65x | 3.80x | 31.0% | 0.0% | 75.0% | $1.0B | 4.0yr | |
| urgent_care | 3 | 3.25x | 3.50x | 3.75x | 32.0% | 0.0% | 100.0% | $763M | 5.0yr | |
| Dermatology | 3 | 3.15x | 3.40x | 3.45x | 28.0% | 0.0% | 66.7% | $387M | 5.2yr | |
| Healthcare IT / RCM | 3 | 2.75x | 3.30x | 4.05x | 33.0% | 0.0% | 66.7% | $270M | 3.8yr | |
| hospice | 4 | 3.20x | 3.30x | 4.00x | 27.5% | 0.0% | 100.0% | $520M | 6.1yr | |
| oncology | 5 | 3.20x | 3.30x | 3.60x | 27.0% | 0.0% | 80.0% | $751M | 4.7yr | |
| Orthopedics | 3 | 3.00x | 3.20x | 3.35x | 38.0% | 0.0% | 66.7% | $250M | 3.2yr | |
| cardiology | 3 | 1.80x | 3.20x | 4.35x | 27.0% | 33.3% | 66.7% | $1.1B | 4.3yr | |
| primary_care | 3 | 1.65x | 3.20x | 3.35x | 26.0% | 33.3% | 66.7% | $4.0B | 4.0yr | |
| dme_home_health | 6 | 2.33x | 3.15x | 3.67x | 31.5% | 0.0% | 66.7% | $1.0B | 4.2yr | |
| Behavioral Health | 3 | 1.75x | 3.10x | 3.45x | 34.0% | 33.3% | 66.7% | $337M | 3.2yr | |
| Dental | 3 | 2.80x | 3.10x | 5.80x | 26.0% | 0.0% | 66.7% | $1.0B | 4.7yr | |
| health_it | 32 | 2.27x | 3.10x | 4.03x | 28.0% | 9.4% | 62.5% | $2.2B | 4.4yr | |
| behavioral_health | 11 | 2.00x | 3.00x | 3.20x | 24.5% | 9.1% | 54.5% | $1.6B | 4.5yr | |
| dialysis | 5 | 2.20x | 3.00x | 3.10x | 24.0% | 0.0% | 60.0% | $975M | 4.5yr | |
| physician_group | 20 | 1.85x | 2.90x | 3.58x | 26.0% | 10.0% | 50.0% | $3.2B | 5.0yr | |
| managed_care | 19 | 2.05x | 2.80x | 3.65x | 24.0% | 15.8% | 47.4% | $2.1B | 4.5yr | |
| digital_health | 3 | 2.50x | 2.50x | 3.35x | 20.0% | 0.0% | 33.3% | $513M | 5.0yr | |
| home_health | 11 | 2.45x | 2.50x | 3.15x | 24.0% | 0.0% | 36.4% | $1.3B | 4.3yr | |
| Unknown | 101 | 1.40x | 2.40x | 3.20x | 20.0% | 21.8% | 33.7% | $2.9B | 4.7yr | |
| ltach_post_acute | 5 | 2.30x | 2.40x | 2.50x | 18.0% | 0.0% | 0.0% | $2.3B | 4.6yr | |
| dental | 5 | 1.20x | 2.20x | 4.20x | 21.0% | 20.0% | 40.0% | $1.1B | 5.4yr | |
| hospital | 12 | 0.55x | 2.10x | 2.50x | 16.0% | 41.7% | 8.3% | $1.6B | 6.8yr | |
| physical_therapy | 4 | 1.30x | 2.05x | 2.58x | 20.0% | 25.0% | 0.0% | $695M | 4.2yr | |
| radiology | 3 | 0.65x | 0.70x | 1.75x | 15.5% | 66.7% | 0.0% | $1.1B | 3.7yr |
Distribution bar: ▏P25 ◻ IQR | median ◻ P75 ▕ · red dashed line = 1.0× breakeven