| VALUATION SERVICES |
| Healthcare Real Estate Appraisal Principle Valuation specializes in the valuation of all types of healthcare real estate including hospitals, independent living communities (ILCs), assisted living residences (ALRs), skilled nursing facilities (SNFs), continuing care retirement communities (CCRCs), medical office buildings (MOBs), ambulatory surgery centers (ASCs), pharmacies, and rehabilitation facilities. Our specialists have valued thousands of healthcare properties, providing our clients with the expert knowledge necessary to make informed decisions for allocation of purchase price, impairment, tax related issues, insurance, acquisitions, rental rate resets, litigation, and conventional or FHA financing including under the new Lean guidelines. |
| Equipment Appraisal and Inventory Principle Valuation's team includes professionals who specialize in inventory costing and valuation of healthcare related major and minor moveable equipment for hospitals, diagnostic centers, senior housing, and other properties. Equipment inventories and valuations are performed for financing, insurance, allocation of purchase price, and various other accounting purposes. |
| Business Enterprise Appraisal To accurately value capital stock and business enterprises such as physician practices, pharmacies, and clinics requires specialized knowledge of the complexities associated with these businesses. Hospitals, physician groups, individual practices, and other groups involved in mergers and acquisitions turn to Principle Valuation to provide an accurate assessment of the value of their business or their target’s business. Lenders trust Principle Valuation for all of their appraisal needs when providing financing for lines of credit, acquisitions, expansions, and equipment purchases. |
| FAS 144 Impairment Is your business impaired? Your auditors may be informing you that your business could be in ruins, and that the book value of your assets exceeds their fair value, but this may not be the case. Our professionals have considerable experience working with auditors and FAS 144. |
| Purchase Price Allocation Purchase price allocation is the process of allocating the purchase price of an acquisition among all major asset components of an acquired enterprise for income tax and financial reporting purposes. Principle Valuation provides accurate purchase price allocations and useful life estimates which can have a substantial impact on your bottom line through various depreciation and amortization rules relating to the impairment of goodwill and other intangibles. |
| Real Estate Tax Analysis Real estate tax assessments are typically increased annually and after the sale of a property. While assessments are typically lower than fair market value, some jurisdictions routinely mark up assessments to the most recent recorded sale price without knowing the circumstances that influenced the pricing of the sale. The recent ruling in the Provena Health case has serious implications for non-profit hospitals because they now face the threat of having to pay real estate taxes. Non-profit hospitals and CCRCs must prepare for this by assessing their potential liability and take steps to minimize their tax assessment exposure. In almost all cases, there are legitimate valuation issues that a property owner can raise to protest the increase and obtain substantial tax savings through a reduced assessment. By presenting a solid valuation case to the assessor, Principle Valuation's tax services consistently benefit property owners and result in tax savings that last for many years. |