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Ben Ulrich is a Managing Director in the Compensation Division at VMG Health and is based in the Dallas office. His focus is providing valuation and consulting services for contractual service arrangements within the healthcare services industry. He has particular expertise in valuations relating to provider employment, on-call coverage, physician administrative and executive services, telemedicine, hospital-based coverage, management / billing, and quality initiatives. Ulrich also developed and manages VMG Health’s FMV Tools service line providing expedited, cost-effective valuation solutions to clients nationwide.
Prior to joining the Compensation Division, Ulrich worked in VMG Health’s Business Valuation division where he provided valuation services related to hospitals, specialty/surgical hospitals, ambulatory surgical centers, diagnostic imaging centers, and single and multi-specialty physician practices.
Ulrich graduated summa cum laude and holds a Bachelor of Business Administration in Financial Consulting from the Edwin L. Cox School of Business at Southern Methodist University. He is currently designated as a Certified Valuation Analyst (CVA) and is a member of the National Association of Certified Valuation Analysts.
Chance Sherer is a Managing Director at VMG Health and is based in the Denver office. He specializes in providing financial, valuation, and transaction advisory services to the firm’s healthcare clients. Chance’s clients include health systems, ambulatory surgery centers, surgical hospitals, oncology centers, diagnostic imaging centers, dialysis centers, physician groups, and numerous other ancillary healthcare service businesses. In addition to extensive valuation experience for transaction planning and financial reporting purposes, he has consulted on numerous development, feasibility, and recapitalization analyses for joint venture, restructuring, and de novo business development purposes.
Chance is a Certified Valuation Analyst (CVA) and is currently a member of the National Association of Certified Valuation Analysts (NACVA). He is also a member of the American Bar Association (ABA) Health Law Section and is a Subject Matter Expert in the Business and Transactions Interest Group. Chance received a Bachelor of Business Administration in Finance from the Cox School of Business at Southern Methodist University.
Jaysen Park, based in Riverside, CA, is the Director in the Cybersecurity, Risk & Disputes division at VMG Health. He is an expert in data privacy, governance, and forensic technology, and he helps organizations respond to data breach incidents using artificial intelligence, analytics, and strategic stakeholder collaboration. He excels in providing actionable insights on forensic technology, cyber investigation, and eDiscovery.
Prior to joining VMG Health, Jaysen held national leadership roles at KPMG and BDO, where he drove technical innovation and pioneered emerging technologies. His experience includes spearheading technology initiatives at KPMG’s Washington DC Ignition Center, creating comprehensive technology strategies, and leading offshore virtual hosting services. He also played a key role in the firm’s forensic technology and eDiscovery services.
Jaysen earned his bachelor’s degree in biology from the University of California, Santa Cruz.
Brian Wilson, based in Chicago, IL, serves as the Managing Director in the Cybersecurity, Risk & Disputes division at VMG Health. With over 25 years of experience, Brian specializes in providing forensic accounting, cyber investigations, dispute, litigation, and risk advisory services. His global expertise spans corporate investigations, digital and mobile forensics, eDiscovery, and cyber investigations, offering organizations scalable, technology-driven solutions.
Before joining VMG Health, Brian held leadership roles across the United States, Asia, Europe, and the Middle East. He founded Dominion Cyber Forensics & Investigations and previously served as Managing Director and Global Head of Data Breach Advisory Services at BDO, as well as Partner at Deloitte China, and KPMG in both the U.S. and China. His work has focused on cyber incident responses, data breaches, and forensic investigations for major global firms.
Brian earned his Bachelor of Science in Business Administration from Valley City State University and pursued graduate studies in accounting at North Dakota State University.
Don Barbo is a Managing Director with VMG Health and leads the firm’s Litigation & Disputes valuation practice. He has performed valuations exclusively for the healthcare industry for over 23 years involving mergers and acquisitions, divestitures, partnership transactions, leasing arrangements, financial reporting matters, divorces, diminution of value, and commercial damages. His extensive healthcare valuation engagements have included hospitals (acute care, long-term care, critical access, behavioral health, and surgical), physician practices (variety of primary care and hospital-based), ambulatory surgery centers, diagnostic imaging centers, cardiac catheter labs, pathology and clinical labs, cancer treatment centers, and dialysis centers. Barbo has also performed engagements for various contracts between hospitals and physicians, including medical director agreements, on-call agreements, lithotripsy service agreements, professional services agreements, and management services agreements.
Barbo also serves as an expert witness in litigation matters for his clients and has an extensive testifying experience in various state and federal courts. His testifying experience involves a wide range of issues including whistle-blower actions, breach of contracts, shareholder disputes, bankruptcy and distressed businesses, and marital divorces. He has spoken extensively to various legal and valuation organizations and has published articles regarding healthcare business valuation issues. Prior to his valuation career, he served as the chief financial officer for a physician practice management company that provides management services to a variety of physician practices. Before that, he served as the controller/financial officer for various emerging companies. He began his professional career as an auditor with a Big 4 national accounting firm.
Barbo is a CPA, holds the Accreditation in Business Valuation from the AICPA, is a member of the Medical Group Management Association (MGMA), and is a member of the Healthcare Financial Management Association (HFMA). He also served on the Technical Advisory Board for the AICPA’s Forensics & Valuation Section Consulting Digest and the Financial Valuation and Litigation Expert newsletter. He holds a BBA in Accounting from Texas Tech University, and an MBA from the Cox School of Business at Southern Methodist University.
Edward J. McGrath is a Managing Director at VMG Health based in the Chicago office. He specializes in physician relationships/partnerships strategic planning, mergers and acquisitions, service-line planning and strategy, ambulatory care planning, physician compensation arrangements, and financial analyses. McGrath’s client base includes large healthcare systems, academic medical centers, single-and multi-specialty physician group practices, and post acute/long term care organizations. Prior to joining VMG Health, McGrath was a partner at Health Care Futures. His background also includes nearly 12 years with KPMG where he spent the last 18 months of his KPMG career as a partner in the National Health Care Strategy Practice leading the Chicago healthcare advisory practice.
McGrath has bachelor’s degrees in accounting and in business administration from Augustana College. He earned his master’s degree in health administration from St. Louis University. He has been a member of various committees and boards including multiple hospital boards. McGrath currently serves on an advisory board for a collaboration of Catholic Women Religious.
John S. Trabold III has experience in the valuation of commercial, industrial, and investment-grade properties to estimate Market Value and Fair Market Value for ad valorem purposes, allocation of purchase price, financing, Stark compliance, and investment decisions. Industries served include medical, banking, hospitality, manufacturing, and financial services.
Trabold has extensive experience in the valuation of complex healthcare properties including hospitals, medical office buildings, surgery centers, imaging centers, and long-term acute care hospitals.
Trabold has served clients in 40 of the United States and Puerto Rico. Clients include Glacier Hospital, Capella Healthcare, Wise County Regional Health System, Texoma Medical Center, Reliant Hospital Partners, HCA, Saint Peter’s Healthcare System, Henry Ford Health System, Cirrus Health, Saint Joseph Healthcare, University General Hospital, MultiCare Health System, Baylor Health Care System, HMA, LifeCare Hospitals, USPI, CHRISTUS Spohn Health System, CHS, Kutak Rock, LLP, HealthSouth, Emerus, BayCare Health System, Shore Medical Center, Butler, Snow, O’Mara, Stevens & Cannada, PLLC, 21st Century Oncology, Citrus County Hospital, Jones Day and Hunton & Williams, LLP.
Jonathan Helm is a Managing Director in the Compensation Division at VMG Health and is based in the Dallas office. He specializes in the valuation of complex contractual arrangements with a focus in provider compensation and management agreements.
His experience includes valuations related to administrative and management agreements, call and clinical coverage, medical directorships, clinical co-management, billing/collection, and ancillary services agreements (laboratory, radiation oncology, and imaging). Clients include for-profit and not-for-profit health systems, publicly owned and privately held healthcare operators, and private equity firms.
Helm also has experience providing valuation services for transactional and financial reporting purposes. Business entities valued include acute-care hospitals, rehabilitation hospitals, surgical hospitals, ambulatory surgical centers, diagnostic imaging centers, single and multi-specialty physician practices, and cancer treatment centers, among others.
Helm serves as a contributor to VMG Health’s FMV Tools™ which allows users to quickly establish compensation levels for employed and independent contractor physicians in various roles based on systematic and unbiased guidelines.
Helm holds a Bachelor of Business Administration in Financial Consulting from Southern Methodist University. He also holds a Master of Business Administration in Finance from the University of Texas at Dallas. He is designated as a Certified Valuation Analyst (CVA) through the National Association of Certified Valuators and Analysts.
Pam D’Apuzzo is a Managing Director at VMG Health leading the Coding, Compliance and Operational Excellence Management service line. She is a recognized leader and industry expert in the area of coding and compliance. Pam’s 30-plus years of healthcare consulting experience spans academic medical centers, community hospitals, faculty practice plans and large private practices.
A trusted adviser to New York’s leading healthcare institutions, she conducts educational and training seminars and provides comprehensive compliance programs. Pam also has a successful record of practice management services including operational and billing review, practice assessment, practice start-up assistance and EMR implementation.
Pam is a frequent speaker at conferences sponsored by the American Academy of Professional Coders (AAPC), Healthcare Financial Management Association (HFMA), New York State Society of Physician Assistants (NYSSPA), Suffolk County Medical Society (SCMS) and American Association of Gynecologic Laparoscopists (AAGL).
Timothy Kent, based in Denver, is a manager in the Valuation and Transaction Advisory Services division at VMG Health. He specializes in providing valuation, transaction advisory, feasibility, and operational consulting services to businesses within the healthcare services industry.
Timothy’s valuation experience extends across various healthcare subindustries, including acute care hospitals, surgical hospitals, physician practices, ambulatory surgery centers, diagnostic imaging centers, urgent care clinics, oncology centers, and other ancillary healthcare service businesses.
Timothy graduated from the Neeley School of Business at Texas Christian University with a Bachelor of Business Administration in Finance and Accounting. Additionally, he is a Certified Valuation Analyst (CVA) and is currently a member of the National Associates of Certified Valuation Analysts (NACVA).
- Certified Valuation Analyst (CVA)
- CFA Institute
- CFA Society of Dallas-Fort Worth
- Ambulatory Surgery Center Association
- American Society of Appraisers
- Healthcare Financial Management Association
- Physician Hospitals of America
- Presentation: “Smart Investments Today for a Better 2030” – Becker’s 13th Annual Meeting, April 3, 2023
- Presentation: “Physician/Hospital Relationships: Good and Bad Ideas for JV ASCs” – Becker’s Annual ASC Meeting, October 28, 2022
- Webinar: “Prepare Your Health System for New Challenges: Lessons From Three Health Systems” – Becker’s Healthcare, October 17, 2023
- Presentation: “Emerging Trends in Healthcare M&A Activity” – Becker’s ASC 27th Annual Meeting
- Panel: “ASC Mergers and Acquisitions 2017-2018” – Becker’s ASC 24th Annual Meeting
- Presentation: “Increasing Profitability and Value Through Use of New Technologies” – Nossaman’s 3rd Annual West Coast Ambulatory Surgery Center Seminar
- Panel: “Key Trends in Valuing ASCs and Practices” – Becker’s 14th Annual Spine, Orthopedic and Pain Management-Driven ASC Conference + The Future of Spine
- Panel: “Selling Your ASC, Valuation, Compensation, Non Competes, Legal and Process Issues” – Becker’s 13th Annual Spine, Orthopedic & Pain Management-Driven ASC Conference
- Presentation: “Understanding Various Valuation Methodologies and Key Valuation Trends and Issues” – Nossaman West Coast Ambulatory Surgery Center Seminar: Preparing Your ASC For Sale
- Presentation: “Health System Transactions and Joint Ventures: Overview of the Market and a Description of the Deals/Structures” – Becker’s Hospital Review 5th Annual Meeting
- Presentation: “ASC Transactions: Analysis and Valuation Trends” – Becker’s 20th Annual Ambulatory Surgery Centers Conference
- Presentation: “Physician Owned Hospitals: Market Analysis/Benchmarking” – PHA 13th Annual Conference & Exhibits
- Presentation: “ASC Transaction Environment: Current Analysis & Valuation Trends” – Becker’s 19th Annual ASC Conference
Sector Experience
Ambulatory Surgery Centers
Behavioral Health
Dialysis
Hospitals
Hospital-Based Medicine
Imaging & Radiology
Oncology
Physician Practices
Laboratories
Medical Device & Life Sciences
Post-Acute Care
Telehealth & Healthcare IT
Urgent Care & Freestanding EDs
Areas of Expertise
Fair Market Value Opinions
Physician Compensation
Management & Administration Agreements