Engagement summary
Client Background
SimonMed Imaging is a large outpatient diagnostic imaging provider with a broad multi-state footprint and an active acquisition strategy.
Engagement Scope
R&M serves as SimonMed's outsourced technical accounting team across recurring technical accounting, valuation, lease accounting, and financial-reporting matters. Work spans ASC 805 purchase accounting for serial acquisitions, ASC 842 lease implementation across the imaging-center footprint, ASC 718 profit-interest-unit support, and ASC 470 debt analysis tied to refinancings.
Services Provided
- Annual GAAP financial statement preparation
- ASC 805 purchase accounting for serial acquisitions
- ASC 842 lease implementation across the imaging-center footprint
- ASC 718 profit interest unit analysis and expense database
- ASC 470 debt analysis
- Audit coordination and financial reporting support
Valuation context
SimonMed Imaging engaged Rivers & Moorehead for independent valuation support under the standard(s) listed above. The engagement provides valuation analyses, supporting models, and written deliverables intended to assist the company and its external auditors with financial reporting under U.S. GAAP.
Valuation scope
- ASC 805 purchase price allocation – identification and fair value measurement of acquired identifiable intangible assets, tangible assets, and assumed liabilities, with residual goodwill calculation and opening balance sheet support.
- ASC 718 equity-based compensation valuation – grant-date fair value of stock options, restricted stock, profit interest units, or performance-based awards using Black-Scholes, lattice, or Monte Carlo models as award terms require; supporting documentation for audit.