NEWS AND UPDATES
Principle Valuation to Merge with Prism Healthcare Partners
CHICAGO (November 18, 2015) – Prism Healthcare Partners LTD announced plans today to merge with healthcare and seniors housing valuation firm Principle Valuation, LLC. The merger will combine Prism Healthcare Partners’ performance improvement expertise with Principle Valuation’s premier valuation and advisory services. Hospitals, health systems, academic medical centers and other providers will be able to navigate today’s healthcare environment with the help of one firm offering a strong staff with decades of experience and a comprehensive portfolio of services.
“The merging of our two firms provides clients a trusted partner to help tackle a wider range of challenges and improve their bottom line,” said David Shade, President and CEO of Prism Healthcare Partners. “Joining forces presents opportunities to expand our firms’ market presence, extend and enrich client relationships, and increase the scale of operations and support for our teams. The end result will be a distinct and high-impact offering aligned with the evolving needs of the healthcare community.”
Both firms are privately-owned and are led by senior-level experts who have focused their careers on serving the healthcare industry. Prism and Principle Valuation have similar clientele and have collaborated on numerous projects over the past few years.
“The fit between Prism and Principle Valuation is natural,” said Timothy Baker, President of Principle Valuation. “Both firms are established and well-respected healthcare provider-focused organizations with complementary cultures and approaches to client service. Merging will enhance our collaborative relationship to the benefit of clients and staff.”
The deal is expected to close in January 2016.
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 and strategy. Prism’s team of senior level healthcare experts has decades of experience helping hundreds of healthcare organizations across the country realize hundreds of millions of dollars in benefits. 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 is a national, full-service valuation firm dedicated exclusively to the healthcare and seniors housing industries. Its services have helped thousands of 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. Principle Valuation has provided valuation services to thousands of healthcare clients across the country. More information is available at www.principlevaluation.com.