The median revenue multiple for hospitals with less than $100 million in revenue was approximately 0.62x compared to 0.79x for hospitals with $250 million to $650 million in revenue, according to an analysis of VMG Health’s hospital transaction database. However, a closer look reveals that there is a wide variance and range inside each category. “Overall, we observe limited evidence of a correlation between revenue size and revenue multiple,” VMG says in an article. The implication of this is that factors other than size need to be considered in the valuation analysis.