Decosimo, an accounting and business advisory firm, has promoted Shannon Farr, CPA, ABV, CFF, to Director of Healthcare Valuation.
Ms. Farr, a certified public accountant accredited in business valuation and certified in financial forensics, specializes in business valuation and litigation support services for the healthcare industry. Her specialized expertise assists hospital and health system clients and their attorneys in ensuring their acquisitions meet industry regulations surrounding the concepts of fair market value and commercial reasonableness. Ms. Farr also performs fair value for financial reporting valuations to be used in purchase price allocations and goodwill impairment testing. Her litigation support experience and expert testimony has been used in numerous marital dissolution cases, as well as contract and shareholder disputes.
“With the healthcare industry being a significant focus for our firm, it was important that we name a director to lead the highly-specialized healthcare valuation service area,” said Nick Decosimo, managing principal for Decosimo. “Shannon has established herself as a niche specialist and as such is a trusted advisor to hospitals, physician practices and healthcare attorneys for healthcare valuation and litigation support services.”
Ms. Farr graduated summa cum laude with a Bachelor of Science in Business Administration degree in accounting from the University of Tennessee. She is a member of the Tennessee Society of Certified Public Accountants, where she has been appointed to serve on the association’s Healthcare Conference Committee. She is also a member of the American Institute of Certified Public Accountants, the American Health Lawyers Association and the Alabama Chapter of the Healthcare Financial Management Association.