Patrick J. Simers
Mr. Simers has extensive experience in serving the valuation needs of the healthcare industry. He has valued all tangible and intangible assets associated with healthcare enterprises, including the capital stock of majority and minority share holdings; medical specialty and physician joint ventures; fee simple, leased fee, and leasehold interests in real estate for hospital systems; standalone hospital campuses and medical office buildings; major and minor movable equipment; certificates of need; contractual agreements; and preferred provider arrangements.
Specific healthcare enterprises appraised include acute care hospital facilities, LTACH hospitals, psychiatric hospitals, rehab hospital facilities, single physician practices, multi-specialty practices, cath labs, diagnostic centers, cardiac care practices, home health agencies, nursing homes, assisted living facilities, and medical office buildings.
Mr. Simers has performed fair market value studies for purchase, sale, or financing; merger and acquisition consulting; negotiation of purchase price; fairness opinions; purchase price allocations; financial reporting; SEC reporting; Medicare regulatory requirements; Safe Harbor requirements; and 501(c)(3) private placement offerings.
Mr. Simers began his appraisal career with Valuation Counselors in 1982 and held various consulting, business development, and management roles, including four years as president of Valuation Counselors, leading up to its merger with CBIZ Inc. Most recently, Mr. Simers has served as the National Director for Healthcare Services for American Appraisal Associates where he spearheaded the development of healthcare services for this international appraisal firm.
Mr. Simers is Managing Director for Principle Valuation, LLC. He is responsible for the development and overall business plan for Principle Valuation’s consulting and appraisal services to for-profit, nonprofit, and public healthcare providers. Mr. Simers is located in Principle Valuation’s Atlanta office.
- American Health Lawyers Association
- Healthcare Financial Management Association
Education, Licenses and Designations
- Graduate of Northern Illinois University with a Bachelor of Science in Finance and Economics
- Graduate of Moraine Valley College with an Associate in Arts in Business Administration
- Certified General Real Estate Appraiser in Georgia and Florida, License Number RZ3581