Tod A. Matuga, MAcc| Senior Associate
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HealthCare Appraisers, Inc. TEL: (303) 688-0700 |
Mr. Matuga is a Senior Associate in the Firm’s Colorado office. Mr. Matuga’s practice focuses on business valuation and the analysis of compensation relationships. He has extensive experience in the valuation of privately held companies and intangible assets for purchase price allocations (ASC 805, formerly known as SFAS 141R), estate planning, and marital dissolutions. He also has significant experience assisting with the sale or acquisition of privately held companies across a broad range of industries. Prior to joining HealthCare Appraisers, Mr. Matuga was a consultant with a regional accounting firm, Plante & Moran.
Mr. Matuga earned a Master of Accounting from the Haworth School of Business at Western Michigan University and a Bachelor of Science degree from Miami University, majoring in Finance. Mr. Matuga is a certified public accountant (CPA) licensed in the State of Michigan and is a member of the American Institute of Certified Public Accountants.
Practice Areas
Mr. Matuga is involved in all aspects of healthcare valuation analysis, including:
- Business valuation of physician practices/clinics, ambulatory surgery centers, imaging centers and hospitals/hospital departments
- Intangible assets, including CON and non-compete agreements
- Nontraditional transaction structures, including options and forward contracts
- Services and management agreements
- Compensated call coverage
- Physician employment and independent contractor agreements
- Medical director/thought leader compensation
- Hospital-based specialty collections guarantees and subsidies
Education
- Haworth School of Business, Western Michigan University, Master of Accounting
- Richard T. Farmer School of Business, Miami University, Bachelor of Science in Finance
Prior Professional Affiliations
- Plante & Moran, PLLC, Southfield, MI – Consultant
- American Express Financial Advisors, Kalamazoo, MI - Associate
Credientials and Appraisal Education
-
Certified Public Accountant – licensed in Michigan
- Completed coursework and the exams for the American Society of Appraisers (ASA) classes:
- BV201: Introduction to Business Valuation (27 CPE hours)
- BV202: The Income Approach to Value (27 CPE hours)
- BV203: The Market Approach to Value (27 CPE hours)
- BV204: Business Valuation Case Study (27 CPE hours)


