This month, PricewaterhouseCoopers’ Senior Advisory Services (SAS) completed appraisals of 87 nursing homes, mental health facilities and rehab hospitals located in 17 states. In addition to working with nine different operators at the facilities, the SAS team worked with two due diligence teams at Ernst and Young to develop agreed upon procedures and complete the due diligence. The assignment was performed in less than 75 days.
In the words of Colleen Blumenthal, Manager, “Our team had the experience and focus to deliver a work product acceptable to rating agencies and assist Merrill Lynch during the transition, while working with both internal, and contracted due diligence teams.”
PwC’s Senior Advisory Services group annually completes some 400 healthcare and senior housing appraisals, market and feasibility studies, on all property types including Nursing Homes, Independent Living and Assisted Living facilities, Continuing Care Retirement Centers and Hospitals.