Recent Projects
Client: 900+ bed, nonprofit, research and teaching hospital
Location: Northeastern U.S.
Engagement: Valuation of lease arrangements, compensation packages, including: medical directorships and physician clinical services, as well as certain tangible and intangible assets, including: hypothetical stand-alone ancillary service and technical component enterprises; trained and assembled workforce in-place; and tangible personal property, for the purposes of the teaching hospital integrating 90+ physicians specializing in various subspecialties of cardiology
Client: 250+ bed, nonprofit, acute care hospital
Location: Southwestern U.S.
Engagement: Commercial reasonableness of various services agreements, including: on-call trauma services agreement; professional services agreements; medical director services agreements; co-management and performance improvement services agreements; medical and residency direction services agreements related to a 10+ physician orthopedic group practice
Client: 10+ location, outpatient dialysis center operator
Location: Southern U.S.
Engagement: Valuation of equity interest in eleven dialysis centers for purposes of advising client in their consideration of exercising a put option related to the centers
Client: Large for-profit managed care organization
Location: Southern U.S.
Engagement: Valuation of potential economic damages related to the transfer of covered lives of managed care organization with approximately $800 million in revenue
Client: 360+ bed, nonprofit, acute care hospital
Location: Southern U.S.
Engagement: Valuation of compensation for various services agreements, including: robotic surgery teaching and consulting services agreement; physician executive services agreement; and, recruitment services agreement
Client: Ambulatory Surgery Center
Location: Southern U.S.
Engagement: Valuation of non-voting equity interest in ASC for purposes of assisting management in discussion of a prospective shareholder buy-out
Client: 20+ hospital, nonprofit health system
Location: Midwestern U.S.
Engagement: Valuation of salary guaranty, retention bonus, on-call compensation and value based incentive compensation, as well as certain tangible and intangible assets, including: hypothetical stand-alone diagnostic imaging ancillary service and technical component (ASTC) enterprise; hypothetical stand-alone physical therapy service line; trained and assembled workforce in-place; and tangible personal property, for the purposes of the health system integrating 25+ orthopedic surgeons
Client: 900+ bed, nonprofit, research and teaching hospital
Location: Northeastern U.S.
Engagement: Valuation of lease arrangements, physician clinical compensation packages, as well as certain tangible and intangible assets, including: hypothetical stand-alone diagnostic imaging, clinical lab and sleep center ancillary service and technical component enterprise; trained and assembled workforce in-place; and tangible personal property, for the purposes of the teaching hospital integrating physicians specializing in primary care
Client: 900+ bed, nonprofit, research and teaching hospital
Location: Northeastern U.S.
Engagement: Valuation of equity interests in two ambulatory surgery centers for the purpose of constructing a joint venture between the teaching hospital and a nationwide surgery center operator
Client: 4,000+ bed, nonprofit, academic health system
Location: Midwestern U.S.
Engagement: Valuation of the tangible and intangible assets of a 10+ provider oncology practice, including: hypothetical stand-alone radiation therapy and infusion therapy ancillary service and technical component enterprise; trained and assembled workforce in-place; and tangible personal property
Client: 250+ provider, multispecialty group practice
Location: Northeastern U.S.
Engagement: Valuation and commercial reasonableness of compensation packages for key executives, including Chairman & Chief Executive Officer, Chief Medical Officer, Chief of Operations, Chief Financial Officer, and Chief of Strategy & Business Development
Client: 20+ hospital, nonprofit health system
Location: Midwestern U.S.
Engagement: Valuation of trained and assembled workforce in-place intangible asset and physician compensation of 150+ physician multispecialty group practice
Client: Large, nonprofit, multispecialty group practice
Location: Midwestern U.S.
Engagement: Valuation of non-solicitation provision and waiver of tortious interference intangible assets related to the acquisition of a 15+ physician group comprised of primary care physicians
Client: 50+ physician, multispecialty group practice
Location: Midwestern U.S.
Engagement: Feasibility analysis to assist group practice in determining the appropriate capital and ownership structure related to prospective transaction in an ambulatory surgery center (ASC), as well as the financial feasibility of real estate and operations of the ASC
Client: 800+ bed, nonprofit, hospital
Location: Midwestern U.S.
Engagement: Valuation of certain professional clinical and management services provided by three groups
Client: 800+ bed, nonprofit, acute care hospital
Location: Midwestern U.S.
Engagement: Valuation of certain assets of a cardiovascular research center, including: tangible personal property; trained and assembled workforce in-place; trade name; in-place service agreements; and professional goodwill, for the purposes of a the hospital acquiring the cardiology practice
Client: Large, nonprofit, multispecialty group practice
Location: Midwestern U.S.
Engagement: Valuation of non-solicitation provision and waiver of tortious interference intangible assets related to the acquisition of a 15+ physician group comprised of primary care physicians
Client: Large, nonprofit academic health system
Location: Southwestern U.S.
Engagement: Valuation of leased fee interests in thirteen parcels of land between the university and the academic medical center as described in a Lease and Conveyance Agreement, as well as six subsequent amendments thereto
Client: 600+ physician, academic multispecialty group practice
Location: Southern U.S.
Engagement: Valuation of certain assets of an ophthalmology practice, including custodial rights to patient medical records, tangible personal property, for purposes of donation to a large academic medical center
Client: 100+ provider, for-profit multispecialty group practice
Location: Northeastern U.S.
Engagement: Valuation, feasibility analysis, planning and assessment advisory services related to a 100+ group of physicians and mid-level providers regarding their current ACO structure and possible future strategic options
Client: 600+ bed, nonprofit, acute-care teaching hospital
Location: Western U.S.
Engagement: Valuation of the trade name and management expertise of the teaching hospital for purposes of determining the contribution to regional cancer center joint ventures; commercial reasonableness of the transaction
Client: Large medical equipment financing and leasing company
Location: Eight Midwestern and Eastern states
Engagement: Valuation of a mobile cardiac catheterization lab company
Client: 400+ bed, nonprofit, academic medical center
Location: Northeast U.S.
Engagement: Valuation of an integrated 160+ physician Independent Physician Association (IPA), with a managed care plan and proprietary contracting software system
Client: Shareholders of a physician medical practice
Location: Northwestern U.S.
Engagement: Valuation of a multi-location 20+ physician cardiology group practice and related cardiac diagnostic and catheterization lab enterprise for purposes of litigation
Client: Ambulatory Surgery Center
Location: Midwestern U.S.
Engagement: Valuation of an ASC assuming the conversion to a multi-specialty surgical hospital
Client: Radiation oncology medical practice
Location: Southeastern U.S.
Engagement: Valuation of past and future damages to a radiation oncology practice as a result of the breach of contract for exclusive services by a hospital system, for purposes of litigation
Client: Multi-hospital nonprofit healthcare system
Location: Midwestern U.S.
Engagement: Valuation of nine diagnostic imaging centers for purposes of joint venture with three physician groups
Client: Internal Revenue Service
Location: Midwestern U.S.
Engagement: Valuation of the gifting of an academic medical practice to a public university
Client: Large Regional Radiology Provider
Location: Western U.S.
Engagement: Feasibility analysis, forecasting and valuation related to capital formation strategic planning
Client: MSO-owned multi-state infertility practice
Location: Northeastern U.S.
Engagement: Valuation of the economic damages to a minority owner arising from breach of contract and violation of non-compete claims
Client: Ambulatory Surgery Center
Location: West Coast U.S.
Engagement: Valuation of license and Medicare certification for purposes of litigation
Client: 35+ bed, physician-owned surgical hospital
Location: Midwestern U.S.
Engagement: Valuation of an acute care, surgical spine hospital
Client: 450+ bed, nonprofit, acute care hospital
Location: Western U.S.
Engagement: Valuation of residency program services compensation, including teaching services and overhead, non-teaching expenses
Client: Internal Revenue Service
Location: Northeastern U.S.
Engagement: Valuation of four skilled nursing facility operating companies and a real estate holding company for determining capital gains tax liability
Client: 25 bed, nonprofit, critical access hospital
Location: Southern U.S.
Engagement: Valuation of certain assets of a critical access hospital including, fixed assets, tangible personal property, provider agreements, trained and assembled workforce, etc., in relation to a prospective bond issue for the critical access hospital
Client: 450+ bed, nonprofit, acute care hospital
Location: Western U.S.
Engagement: Valuation of residency program services compensation, including teaching services and overhead, non-teaching expenses
Client: 300+ bed, nonprofit medical center
Location: Eastern U.S.
Engagement: Valuation of the MRI service line of an acute care hospital for purpose of a joint venture with area physicians
Client: Home health services group
Location: Midwestern U.S.
Engagement: Valuation of nurse staffing agency; durable medical equipment and home health company; and retail pharmacy, for purposes of litigation
Client: Nonprofit healthcare system
Location: Midwestern U.S.
Engagement: Valuation of market lease rate for testing rooms; equipment; and, personnel, as well as the provision of certain administrative services provided by a tax-exempt hospital to an independent group of cardiologists
Client: 200+ bed, nonprofit, acute care hospital
Location: Midwestern U.S.
Engagement: Prospective valuation of an ambulatory surgery center joint venture by a hospital with independent physician group
Client: 100+ bed, nonprofit, acute care hospital
Location: Western U.S.
Engagement: Valuation of the inpatient, technical component, cardiac catheterization lab services provided by a joint venture between the hospital and independent physicians
Client: Skilled nursing home health services group
Location: Two Midwestern and Eastern states
Engagement: Valuation of various equity interests and interest-bearing notes related to five skilled nursing and assisted living facilities for estate tax assessment purposes
Client: 200+ bed, nonprofit community hospital
Location: Western U.S.
Engagement: Valuation of inpatient physician professional services; management oversight related services; and, hospital call related services for inpatient nephrology department
Client: National sub-acute care provider
Location: Midwestern U.S.
Engagement: Preparation of Certificate of Need applications for long term acute care hospital
Client: Provider-owned managed care organization
Location: Midwestern U.S.
Engagement: Valuation of the total invested capital of two provider-owned, regional managed care organizations, one with annual revenues of over $1 billion, and the other with annual revenues of approximately $800 million, for purposes of assisting in the development of a joint venture
Client: Provider-owned managed care organization
Location: Midwestern U.S.
Engagement: Valuation of the total invested capital of a provider-owned, regional managed care organization with annual revenues of approximately $800 million, and advisory services related to options for strategic growth
Client: For-Profit Managed Care Organization with 240,000+ members
Location: Northeastern U.S.
Engagement: Valuation of the 2,500,000 million common shares representing a controlling interest in the common shareholders’ equity of the client to assist in a prospective transfer of the shares to a purchaser
Client: National managed care organization
Location: Eastern U.S.
Engagement: Valuation of the managed care division of an 80+ provider, multispecialty clinic
Client: Publicly traded managed care organization
Location: Midwestern U.S.
Engagement: Valuation of the Medicaid covered lives and service line of a managed care organization
Client: Multi-hospital healthcare system
Location: Midwestern U.S.
Engagement: Valuation of the economic damages to health system arising out of termination hospital services agreement by staff model HMO for purposes of litigation