Engagement summary
Client Background
Vitalant is one of the nation's largest non-profit community blood-service providers, serving hospitals and patients across multiple states with whole blood, plasma, platelets, and specialty therapies.
Engagement Scope
R&M was engaged to lead Vitalant's ASC 842 lease implementation, addressing a large, geographically distributed lease portfolio spanning donor centers, mobile collection facilities, laboratory space, and corporate offices. Work included data abstraction, classification, and right-of-use/lease-liability calculation.
Services Provided
- ASC 842 lease implementation and adoption project management
- Lease abstraction and population completeness procedures
- Lease classification and discount-rate determination
- Right-of-use asset and lease liability calculations
- Disclosure preparation and audit support