Equipment Valuation and Inventory Services

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Principle Valuation’s medical equipment valuations detail both the count and value of existing assets.  Our reports have been prepared for financial reporting, purchase price accounting, lease buy-outs, financing and insurance purposes.  These valuations can:

  • Identify assets that are on the books and are being insured, but have been disposed of
  • Determine whether remaining assets are overinsured or underinsured
  • Accurately state remaining life to derive appropriate depreciation expense for financial reporting and tax purposes

Asset inventory reports capture descriptive information, original cost, replacement cost, life and remaining life.  These reports can be sorted to review by department, location, asset type, value, etc.  During the inventory process, an inventory tagging system can be used to facilitate barcode inventory tracking to individually track items for future reporting purposes.

Healthcare and seniors housing entities turn to us for equipment appraisal and inventory services because:

  • They trust that our equipment valuations and inventory reports will be accurate and fair, and will be performed in a timely manner
  • Our equipment valuations are performed by professionals with specific expertise in medical equipment valuations
  • Our deliverables provide the information needed to appropriately set up books, and comply with financial reporting requirements

Projects

  • 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

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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