Paul W. Shade

Managing Director

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For more than 10 years, Paul Shade has provided hospitals,  healthcare systems and management companies with comprehensive valuation and financial advisory services for mergers and acquisitions, financial reporting, and compliance.

Prior to joining Prism Healthcare Partners, Paul served as a Director in the valuation services practice for a major consulting group. In this role, Paul assisted and led hundreds of projects that delivered industry-leading analyses to clients in the healthcare sector.

Professional History

  • Director, Huron Consulting Group
  • Manager, Huron Consulting Group
  • Senior Consultant, Wellspring Partners

Representative Engagements and Expertise

  • Provided financial advisory and valuation services to publicly traded health systems, non-profit health systems, ambulatory surgery companies, diagnostic imaging centers, physician practices, labs and other healthcare clients.
  • Performed ASC 805 purchase price allocations and ASC 350 impairment tests for multi-million dollar healthcare entities.


  • Master of Business Administration, Kellogg School of Management, Northwestern University
  • Bachelor of Science in Finance, Miami University
    Professional Affiliations

Professional Affiliations

  • Healthcare Financial Management Association
  • Urgent Care Association of America
  • Ambulatory Surgery Center Association

Community Associations

  • Member, Union League of Chicago
  • Boys & Girls Club of Chicago
  • Board Member, The Shade Family Foundation

Our clients have used Principle Valuation for valuations for purchase and sale transactions, compensation relationships, and support for tax purposes. They do straightforward and intelligent work, and are very responsive.

Scott Becker, Partner, McGuire Woods

We selected Principle because of their experience and reputation in the market. They are very knowledgeable about the industry, and particularly HUD financing. They were very thorough and hit their deadlines. Their appraisal went through HUD with no issues, which also made the borrower very happy.

Ken Buchanan, Senior Vice President and Chief Underwriter (Eastern Region), Walker Dunlop

Principle Valuation provides excellent valuations for ongoing healthcare enterprises, as well as placing values on the individual assets. They are very timely, reliable, have a solid understanding of the regulatory implications of their work, and are authoritative in the way they present their information.

Mike Anthony, Partner, McDermott, Will & Emery

Principle Valuation is far superior to any other valuation firm we have worked with. They are knowledgeable about businesses, real estate and equipment. And their reports are always right the first time.

Ken Doran, President and CEO, Spectrum Heatlh Partners


190 South La Salle Street, Suite 2900
Chicago, IL 60603