PROFESSIONAL EXPERIENCE

Healthcare/Medical/Dental

Since the beginning of our existence as appraisal firm we have been engaged in the valuation of the tangible assets that are associated with the healthcare/medical/dental and the pharmaceutical industry. Our appraisals have assisted decision makers in the medical field with regard to contemplated mergers and acquisitions, assisted financial professionals with regard to the purchase price allocation of the tangible assets, assisted tax counsel concerning personal property tax issues, as well as insurance placement. The Rice Group routinely partners with financial firms and business valuation professionals with regard to any questions regarding the value of tangible assets associated with the medical industry.

Our tangible asset valuation services include the valuation of Private Practices, Radiology/Imaging Centers, Nuclear Medicine, Hospitals, Teaching Hospitals, Skilled Nursing Facilities, Orthopedic Surgery Centers, Oncology Centers, Cancer Centers, OBGYN, Laboratories, and Pharmaceutical processing facilities. Along with the valuation of medical tangible assets, we have also performed the reconciliation of the asset list with the accounting department of medical facilities, as well as the tagging of the assets.

Valuating machinery and equipment (M&E) in the Medical Industry, requires the appraiser must consider the three approaches to value: cost, market, and income approach, along with a highest and best use analysis. Our M&E appraisers are familiar with these approaches and use them where applicable in preparing a valuation analysis. Our appraisers have a wide variety of experience in various industries. They are specialists who possess both the technical knowledge and the expertise necessary to produce supportable appraisal reports. We feel that they are best suited to assist you with your appraisal needs for the following reasons:

• Our professionals have focused on assisting businesses with the appraisal of machinery and equipment and related services for over 40 years.

• Our professionals have experience with a wide variety of M&E appraisal users. i.e., business valuation professionals, accountants, banks, business (small to conglomerates) business managers, medical consultants, hospital administrators, contractors, and governmental agencies for eminent domain and condemnantion issues.

• Our professionals have extensive experience in working with a variety of valuation issues, including international financial reporting standard requirements, tax, arbitration, condemnation, feasibility studies, financial planning, insurance placement, insurance loss and damage assessment, leasing, litigation support, liquidation, mergers and acquisitions.

• Our approach to client service emphasizes close and frequent contract with your personnel before, during and after the project.

• Our appraisal personnel and records will be available immediately should you or any third party reviewers or authorities should the need arise for the first three years.

• Our machinery and equipment professionals have developed accreditation course material for the American Society of Appraisers and teach these and continuing education courses for appraisers and other professionals.