CHICAGO — Healthcare consulting firm Prism Healthcare Partners and seniors housing valuation firm Principle Valuation LLC, both based in Chicago, have announced plans to merge.
“The merging of our two firms provides clients a trusted partner to help tackle a wider range of challenges and improve their bottom line,” says David Shade, president and CEO of Prism. “Joining forces presents opportunities to expand our firms’ market presence, extend and enrich client relationships, and increase the scale of operations and support for our teams.”
Both firms are privately owned and have similar clientele. The two companies have collaborated on numerous projects.
“The fit between Prism and Principle Valuation is natural,” says Timothy Baker, president of Principle Valuation. “Both firms are established and well-respected healthcare provider-focused organizations with complementary cultures and approaches to client service. Merging will enhance our collaborative relationship to the benefit of clients and staff.”
The deal is expected to close in January.