CHICAGO–(BUSINESS WIRE)–Prism Healthcare Partners LTD announced today that it has completed its
merger with healthcare and seniors housing valuation firm Principle
Valuation LLC.
Together, the two firms offer comprehensive management consulting
services focused on healthcare organizations, featuring Prism
Healthcare Partners’ performance improvement expertise and Principle
Valuation’s premier valuation and advisory services. Senior-level
healthcare industry experts from both firms will continue to lead client
engagements and collaborate on projects.
“We are thrilled to welcome Principle Valuation to the Prism family,”
said David Shade, President and CEO of Prism. “Principle Valuation is a
top player in the healthcare valuation space with deep experience
working with hundreds of hospitals across the United States. As one
firm, we offer clients the breadth of expertise required to meet their
organizations’ needs. Our union also creates opportunities for Prism to
serve more healthcare providers.”
A key benefit of the merger is the firm’s expertise in asset relifing,
which helps organizations assess and recalibrate the expected life span
of depreciable assets, including buildings, equipment and other capital
asset investments. Relifing can have a significant impact on an
organization’s financial statements, insurance costs, bond ratings and
capital expenditures, which in turn can improve the organization’s
bottom line.
”By merging with Prism, Principle Valuation can offer our valuation
clients the performance improvement services they need to optimize
operations, finances and clinical outcomes,” remarked Timothy Baker,
Managing Partner of Principle Valuation. ”We look forward to
strengthening and extending our client relationships as we help
providers thrive in the changing healthcare environment.”
The deal officially closed on February 1, 2016. For more information,
please see the previous press release announcing
the merger.
About Prism Healthcare Partners
Prism
Healthcare Partners LTD is a national healthcare consulting firm
focused exclusively on helping hospitals, health systems and academic
medical centers improve their financial, operational and clinical
performance so that they can better serve the needs of their
communities. Prism’s services include supply chain, workforce, revenue,
clinical transformation, physician operations, system integration,
merger/acquisition and valuation. Prism’s team of senior level
healthcare experts has decades of experience helping hundreds of
healthcare organizations across the country improve performance. The
firm is headquartered in Chicago and also has an office in Fort
Lauderdale. For more information visit www.prismhealthcare.com.
About Principle Valuation
Principle
Valuation LLC, a Member of Prism Healthcare Partners, is a national,
full-service valuation firm dedicated exclusively to the healthcare and
seniors housing industries. Its services have helped clients across the
country obtain financing, comply with governmental reporting
requirements, reduce depreciation expense and insurance costs, and
perform life studies on depreciable assets. Its professionals have
specific expertise in all healthcare and seniors housing asset classes,
including real estate (land and improvements), equipment, intangibles
and business enterprise. The firm is headquartered in Chicago. More
information is available at www.principlevaluation.com.
Contacts
Prism Healthcare Partners LTD
Victoria Pompizzi, Marketing Director
312.610.4622
vpompizzi@prismhealthcare.com
