Date: Thursday, December 13, 2018
10:00am-11:40am PT / 1:00pm-2:40pm ET
Format: A BVR Webinar

Earn 2 CPE credits
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Featuring  (click image for bio)

Matthew Warren
CPA, Macc, CVA
Katherine E. Morris

About This Program

Estimating cost of capital when valuing healthcare entities can be challenging due to (among other factors) the regulatory environment, the impact of changes in reimbursement, the size of the entities, the lack of guideline public companies, and other entity-specific risks. Kate Morris and Matt Warren will establish a logical framework for developing cost of capital in such entities within the context of the spectrum of market returns and the observed rates of return in capital markets. Get a holistic view of how market rates of return and the returns on healthcare companies, the regulatory environment impact on risk and company-specific facts and circumstances to consider all impact cost of capital. The discussion will touch on considerations regarding estimating the cost of debt for the subject company and estimating the optimal capital structure. Case studies will illuminate factors that can impact risk in healthcare valuations and conclude with items to consider when assessing the reasonableness of the analyst’s concluded cost of capital.


  • Overview of Rates of Return in Capital Markets
  • Industry Risk: Overview of Healthcare Risk
    • Reimbursement Risk
    • Regulatory Environment
  • Company-Specific Risk
  • Cost of Debt
  • Capital Structure
  • Consistency in Application
  • Case Studies
  • Tests for Reasonableness

Learning Objectives

  • List certain regulatory issues that impact valuations of healthcare entities
  • Identify areas of research that can support their assumptions regarding risk of the subject entities
  • Construct a framework to consider when assessing the reasonableness of their concluded cost of capital

Single Connection Policy

Admission to this event authorizes one computer and phone connection for one location. These connections may be transferred users and/or locations. Multiple concurrent connections for a single admission registration are not allowed.

Multi-User CPE Policy

Admission to this program includes one CPE certificate for one individual. Any additional listeners requesting CPE must pay a processing fee assessed at the completion of the online CE survey for this course.

CPE Processing Fees may be bypassed by entering a valid, unused CPE Authorization Code (for single event purchasers) or by logging into BVR's website (for subscribers to BVR's Training Series).

CPE Information

Prerequisites: Knowledge of Business Valuation
Program Level: Advanced
Preparation Required: None
Delivery Method: Group Internet-Based
Recommended CPE: 2 Credit Hours (Accounting Technical)

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