HealthTrust, LLC Emerges from PricewaterhouseCoopers

On February 7, 2003, PricewaterhouseCoopers spun off its healthcare and senior housing valuation and consulting practice. The new firm’s principals, Alan C. Plush, MAI, Colleen H. Blumenthal, MAI, W. Joseph Daniels and David Rey Salinas, ASA, and staff, will continue operations from their Sarasota, FL headquarters. Regional offices also include Birmingham, AL and Boston, MA.

In the words of Alan Plush, Senior Partner, “This allows us to work more freely with our current and previous clients, work that we often could not take given independence and regulatory issues.” While the association with PricewaterhouseCoopers was extremely productive and beneficial for all parties, the impact of the accounting reform act, Sarbannes-Oxley, was increasingly challenging. The amicable spin off was a result of the realization on both sides that the fit was no longer there.

The firm 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.

While the physical location will remain unchanged, new phone numbers will take effect March 31, 2003 (which have not yet been assigned). Old numbers will remain in affect until the installation.

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