Jason L. Ruchaber, CFA, ASA | Partner
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HealthCare Appraisers, Inc. TEL: (303) 688-0700 |
As a Partner in the Firm’s Colorado office, Mr. Ruchaber is head of HAI’s business valuation services. Mr. Ruchaber has more than 14 years of finance and valuation experience, the last eleven of which have been spent exclusively in business valuation and litigation consulting. Prior to joining HealthCare Appraisers, Mr. Ruchaber was a Principal in Cogence Group, P.C., a business valuation and litigation support firm located in Portland, Oregon. Mr. Ruchaber has also worked in Standard & Poor’s Corporate Value Consulting practice where he focused on intellectual property valuation and damages calculations.
Mr. Ruchaber received a degree in Finance from the University of Texas at Austin, has earned the Chartered Financial Analyst (CFA) designation, and is an Accredited Senior Appraiser (ASA). He is a member of the CFA Institute, the Denver Society of Financial Analysts, the American Society of Appraisers, and the Licensing Executives Society International. Mr. Ruchaber is a frequent speaker and author on healthcare valuation topics.
Practice Areas
Mr. Ruchaber’s practice is focused on business valuation and litigation support, including:
- Valuation for mergers and acquisitions
- Valuation for shareholder buy-in/buy-out
- Intangible asset valuation, including certificates of need, workforce in place, non-compete agreements and healthcare patents
- Marital dissolution
- Shareholder disputes
- Calculation of economic damages for business interruption, breach of contract, and intellectual property infringement
Credentials
- Accredited Senior Appraiser (ASA), American Society of Appraisers (2005);
Designation: Business Valuation - Chartered Financial Analyst (CFA), CFA Institute (2003)
Memberships
- CFA Institute / Denver Society of Financial Analysts
- American Society of Appraisers
- Licensing Executives Society International
Education
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University of Texas at Austin, BBA Finance
Prior Professional Affiliations
- Principal, Cogence Group, P.C.
- Senior Manager, Thompson, Wiest & Sickler, P.C.
- Senior Associate, Standard & Poor’s CVC (formerly a division PriceWaterhouseCoopers)
- Financial Analyst, Dell Computer Corporation
- Finance Manager, Chicago Bridge & Iron
- Analyst, Fluor Daniel
Publications & Presentations
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11 Common Ailments with Physician Practice Valuation. (with Nicholas J. Janiga) Becker’s Hospital Review, (Web edition) December 29, 2011.
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A Balanced Approach to Valuation of Physician Practices, (with Albert Hutzler, JD, MBA, AVA) Hospitals & Health Systems RX, a publication of AHLA Hospitals & Health Systems Practice Group, Volume 13, Number 2, December, 2011.
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Co-presenter with Hal McCard, JD, VP & Associate General Counsel-Div IV, Community Health Systems Professional Services Corp. and Gary W. Herschman, Attorney, Sills Cummis & Gross, PC – Physician Practice Acquisitions and Valuation Challenges, AHLA-HCCA Fraud and Compliance Forum, Baltimore, MD, Sept. 25-27, 2011.
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Webinar Co-presenter with Ann S. Brandt, PhD, Senior Director, and Timothy R. Smith, CPA/ABV, Director, HealthCare Appraisers, Inc. – Fair Market Value – Ensuring Compliance in the Life Sciences, Webinar hosted by Business Valuation Resources, August 23, 2011.
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ASC Transactional Activity, (with Kyle Tormoehlen, MBA), SurgiStrategies, August 2011.
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Webinar Presentation - Valuation Issues Impacting ASCs (with Todd J. Mello, ASA, AVA, MBA). Webinar hosted by Becker’s ASC Review and HealthCare Appraisers, June 22, 2011.
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Presentation - ASC and Healthcare Transactions - The Year in Review. 9th Annual Orthopedic, Spine and Pain Management-Driven ASC Conference, Chicago, IL, June 9-11, 2011.
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HealthCare Appraisers FMVantage Point - Valuing Physician Practices, Providing Clarity Amidst a Sea of Uncertainty, Spring 2011.
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5 Valuation Pitfalls in Surgery Center Operating Agreements, Becker’s ASC Review (Web edition), March 3, 2011.
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3 Frequently Asked Surgery Center Valuation Questions, Becker’s ASC Review (Web edition), January 31, 2011.
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7 Trends Likely to Impact the Future of ASCs, Becker’s ASC Review (Web edition), December 8, 2010.
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HealthCare Appraisers’ 2010 ASC Valuation Survey, Business Valuation Update Vol. 16, No. 11, Business Valuation Resources, LLC, November 2010.
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Presentation – ASC and Healthcare Transactions - The Year in Review. 17th Annual ASCs Conference 2010, Chicago, IL, October 21-23, 2010.
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Presentation – Selling Units to Physicians - How Shares are Valued, 8th Annual Orthopedic, Spine & Pain Management-Driven ASC Conference, Chicago, IL, June 11, 2010.
Key Trends in the Valuation of Ambulatory Surgery Centers, (with Kyle Tormoehlen, MBA), SurgiStrategies, April 2010.
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2009 Physician Hospital Survey, Becker’s Hospital Review (Web edition), Nov 23, 2009.
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Finding Value in a Troubled Economy: Determining the Fair Market Value of Certificates of Need. SurgiStrategies, October 2009.
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Presentation - Results of the First Annual PHA Hospital Valuation Survey. Physician Hospitals of America 9th Annual Conference, New Orleans, LA, Sept. 24-25, 2009.
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HealthCare Appraisers, Inc.’s 2009 ASC Valuation Survey (with Curtis Bernstein, ASA, CPA/ABV, CVA, MBA), Business Valuation Update, Vol. 15, No. 6, Business Valuation Resources, LLC, June 2009.
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Fair Market Value: Ensuring Compliance within the Life Sciences Industry (with Ann S. Brandt, PhD, and Timothy R. Smith, CPA/ABV), BVR’s Guide to Healthcare Valuation 2009 Edition, Business Valuation Resources, LLC, November, 2008.
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Presentation by Jason L. Ruchaber, CFA, ASA (with Jim Carr, MBA) - Valuing Interests in Physician Owned Hospitals: Valuation Basics and the Impact of Current Events. Physician Hospitals of America 8th Annual Conference and Exhibits, Palm Springs, CA, October 4, 2008.
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Using Business Valuation Experts in Marital Dissolution, American Bar Association Young Lawyers Section Newsletter, April 2006.
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Presentation – Business Valuation Basics, Law Offices of Miller Nash, February 2006.
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Presentation – Business Valuation and Buy-Sell Agreements, Eugene-Springfield Tax Association, October 2005.
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Presentation – Understanding Financial Statements and Business Valuation, Law offices of Buckley Le Chevalier, August 2003.
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Presentation – The Art and Science of Valuation Of Businesses and Stock Options, Family Lawyers Section of the Multnomah Bar Association, June 2003.
Appraisal & Professional Education
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Completed 19.5 hours of class offered by American Society of Appraisers: 26th Annual Advanced Business Valuation Conference; October 29-31, 2007
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Completed the class and successfully completed the exam for the American Society of Appraisers’ 30-hour course, BV204N: Business Valuation Case Study (2005)
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Successfully completed the challenge exam for the American Society of Appraisers’ 30-hour course, BV203N: The Market Approach
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Successfully completed the challenge exam for the American Society of Appraisers’ 30-hour course, BV202N: The Income Approach
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Successfully completed the challenge exam for the American Society of Appraisers’ 30-hour course, BV201N: Introduction to Business Valuation
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Completed successfully the American Society of Appraisers’ Ethics Exam
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Completed the class and successfully completed the exam for the American Society of Appraisers’ 15-hour course, SE100: Uniform Standards of Professional Appraisal Practice (“USPAP”)
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Successfully completed the Chartered Financial Analyst program (2003), a rigorous, graduate-level, self-study program designed by an international panel of finance experts. The CFA program requires candidates to pass 3 levels of examination over a minimum of 3 years, with each level demanding more than 250 hours of study.
