Ronald J. Adams, C.P.A., A.B.V., C.V.A., C.B.A., C.F.F., F.V.S., C.G.M.A.
Managing Director – Valuation Practice Head
adams.r@foxboro-consulting.com
Position/ Valuation Specialty:
As a Director and Principal for Foxboro Consulting Group, Inc., Ron is responsible for the sales of all appraisal and valuation engagements in Massachusetts, Rhode Island, New Hampshire, Maine, Connecticut and metropolitan New York.
Valuation/ Appraisal Experience:
Ron Adams prepared over 200 business enterprise valuations (“BEV”), and has advised numerous clients in mergers and acquisitions, asset divestiture, new business planning and development, managed care contract negotiations, strategic pricing and sensitivity, business valuations. He provides litigation support and expert witness testimony in various legal matters involving business valuations, economic damages, loss of income and compensation. He assisted two internet based e-commerce companies grow their businesses through an acquisition strategy. He prepared feasibility studies for acquisitions, developed financing plans, structured numerous acquisition term sheets and developed revenue maximization strategies. He prepared numerous financial forecasts for inclusion in debt offering circulars including forecasted income statement, balance sheet, cash flows, and statements of shareholders’ equity, including notes and assumptions.
Over the past ten years Ron has broadened his consulting skill set by serving as a Director of healthcare consulting with a “big five” public accounting firm, as Vice President for Finance of a 200+ bed acute care community hospital, and as the founder and president of his own management consulting firm.
Ron specialized in operations improvement, business office reviews, strategic and financial planning, and third party reimbursement maximization strategies. Ron prepared planning studies for two community hospitals and a six physician hematology/oncology group involved in an outpatient “cancer center”. Ron prepared numerous business plans and negotiated manage care contract arrangements on behalf of hospitals.
Ron has served as Vice President for Finance for a 217 bed acute care hospital with five off-site OPD clinics. He was responsible for the financial viability of the hospital and for the development and maintenance of all policies and procedures required to assure financial control of the hospital and related entities, including a development foundation and management company.
Education
- Temple University
- Philadelphia, Pennsylvania Certificate in Management and Hospital Reimbursement 1991
- Northeastern University
- Boston, Massachusetts Master of Business Administration, Finance. 1979
- Northeastern University
- Boston, Massachusetts Bachelor of Science, Business Administration 1974
State License
Commonwealth of Massachusetts:Certified Public Accountant – 1981
Professional Certifications
- Certified Valuation Analyst (CVA) – National Association of Certified Valuation Analysts (NACVA) – Certificate #041370
- Accredited in Business Valuation (ABV) – American Institute of Certified Public Accountants (AICPA) – Certificate #3492
- Certified Business Appraiser (CBA) – Institute of Business Appraisers (IBA) – Certificate #10792
- Certified in Financial Forensics (CFF) – American Institute of Certified Public Accountants (AICPA) – Certificate #3219
- Certified in Forensic & Valuation Services (FVS) – American Institute of Certified Public Accountants (AICPA) – August 2011
- Chartered Global Management Accountant (CGMA) American Institute of Certified Public Accountants (AICPA) – Certificate # 110010714
Professional Affiliations
Fellow of the Massachusetts Society of Certified Public Accountants; a member of the American Institute of Certified Public Accountants; a member of the Institute of Business Appraisers; a member of the Association for Corporate Growth; and, an advanced member of the Healthcare Financial Management Association.
Course Training
| Date | Course | Instructor | Sponsor |
|---|---|---|---|
| 10/2004 | Practicing CPAs Business Valuations – II | M. Dietrich | MSCPAs |
| 09/2004 | Valuation of Intangible Assets | C. Mellin | IBA |
| 05/2004 | Minimizing Real Estate Tax Liabilities through Cost Segregation | P.Mann | MSCPAs |
| 05/2004 | Advanced Tax Issues for Limited Liability Companies & Limited Liability Partnerships | J. Evanich | MSCPAs |
| 05/2004 | Evolving S Corporation Issues – Advanced Planning | J. Evanich | MSCPAs |
| 05/2004 | Advanced Strategies & Tactics for Wealth Accumulation and Retirement | G. Gheszzi | MSCPAs |
| 05/2004 | CPA’s Business Valuation – I | M. Dietrich | MSCPAs |
| 06/2001 | Valuation Issues Update | Various | IBA |
| 11/2000 | Valuation Project Management | T. Brown | AAA |
| 10/2000 | Valuations E-Commerce Companies | S. Kursh | NEU |
| 02/2000 | Litigation Support and Expert Witness Training for the Business Appraiser | S. Schroeder | IBA |
| 02/2000 | Business Appraisal | M.G. Miles | IBA |
| 02/2000 | Business Appraisal Services | B.Walters | IBA |
| 02/2000 | Mediation/Valuation | J. Casalena | IBA |
| 02/2000 | Income Approach, Invested Capital Methodology, and Risk Management | L.J. Sliwoski | IBA |
| 02/2000 | Valuing Companies In The World of E-Commerce | F.C. Evans | IBA |
| 02/2000 | Trends & Changes in Information Sources on FLP Discounts | M.J. Eggers | IBA |
| 11/1997 | Nuts & Bolts of Using RVUs to Cost Out Physician Services | M. Berlin | UCG |
| 11/1997 | Prevent Fraud & Abuse Violations by Your Compensation Plan | W.Sarraille | UCG |
| 11/1997 | Built to Last: Scripps Compensation Formula That Grows With Your Practice | J. Mulvey | UCG |
| 11/1997 | Using RVUs to Drive Physician Salaries & Bonuses | T. Smith | UCG |
| 11/1997 | How Kelsey Seybold Clinic Compensates Its Physicians | S. Moore | UCG |
| 11/1997 | Compensation Plans: Finding What Works for Your Practice | R. Erra | UCG |
| 11/1997 | How Health Care Industry Trends Affect Physician Compensation | R. Erra | UCG |
| 10/1994 | Business Valuations – Methods and Approaches – For Accountants, Brokers and Appraisers | R.Miles | IBA |
- IBA – Institute of Business Appraisers
- UCG – United Communications Group
- NEU – Northeastern University
- AAA – American Appraisal Associates
- MSCPAs – Massachusetts Society of CPAs
Litigation – Testimony – Case Summary
| Year | Case name | Attorney | Jurisdiction |
|---|---|---|---|
| 2000 | Community Medical Services v. Community Medical Associates, Inc. | M. Cahill | Suffolk Superior Court |
| 2000 | Ksander v. Women’s Health, Inc. | S. Meyers | Essex Superior Court |
| 1997 | Caplan v. Caplan | R. McGrath | Probate Court New Bedford |
| 1995 | V.Cordone v. Medical Team Management, Inc. | P. Wilson | Essex Superior Court |
| 1994 | Trembowicz v. Arcidi | W. Curry | Superior Court Essex |