Transactional Consulting

Financial Due Diligence
Healthcare transactions are increasing as physicians aggregate in single specialty groups to avoid Stark laws and Federal anti-kick back statutes. Valuing these practices and organizations requires skill and experience. Our professionals bring the full range of experiences to a transaction so that clients can avoid some of the merger/acquisition fiascos of the 1990’s.

Accounts Receivable Valuations
Medical account receivables are often the most critical element in determining both profitability and asset valuation. AR valuations are based on methodical application of knowledge gained through years of dealing exclusively with medical receivables.

Earnings Quality Analysis
Healthcare companies may have as much as 45% of its EBITDA based on numbers which are calculations. DHA advisors, have extensive experience in healthcare companies and can tell investors whether the earnings are real or simply bolstered by creative accounting practices or overly aggressive estimates.

Malpractice Exposure (Tail Liability)
Many healthcare companies do not properly book IBNR (Incurred but Not Reported) on their balance sheet. DHA experts in malpractice litigation and claims management can make sure that any tail liability is appropriate and within reason. DHA can also help create a program for the settlement of these claims that often satisfies all sides.

Financing Transaction Assistance
DHA advisors can help healthcare companies who require financing with a full array of services including the development of projections which can be vetted by the financial institutions, as well as to introducing clients to a wide variety of private equity funds