CHICAGO – Prism Healthcare Partners 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 merger announcement.