Asset Relifing, Inventory and Appraisal Services Projects

Asset Relifing – Buildings and Equipment

  • Analysis for 61 hospitals of a national health system which reduced annual building depreciation by more than $50 million
  • Analysis for an academic medical center which reduced annual building depreciation expense by approximately $6 million and annual equipment depreciation expense by approximately $8 million
  • Analysis for a children’s medical center which reduced annual building depreciation expense by approximately $5 million and annual equipment depreciation expense by approximately $6 million.  Additionally, we identified approximately $23 million in unrecorded disposals of equipment

For more information on Asset Relifing, click here.

Equipment Valuation and Inventory Services

  • Identified approximately $139 million of unrecorded disposals (assets listed on the books but no longer there) leading to a more manageable record by department and a more accurate age of plant for an academic medical center
  • Identified approximately $158 million of unrecorded disposals leading to a more manageable record by department and a more accurate age of plant for an eight-hospital regional health system with more than 150 clinical locations

For more information on Equipment Appraisal and Inventory Services, click here.

Insurance Valuations

  • Reduced insurable value by $24 million resulting from previous indexing of duplicate assets due to renovations

For more information on Insurance Valuations, click here.

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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

Contact

190 South La Salle Street, Suite 2900
Chicago, IL 60603
312.422.1010
info@principlevaluation.com