Prism Healthcare Partners 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.