Saturday, October 9, 2004

Toronto Firm Gains US Partner, Hiscox & Associates Becomes HealthTrust Canada, ULC

Toronto Firm Gains US Partner, Hiscox & Associates Becomes HealthTrust Canada, ULC

Canadian Valuation firm joinss forces with US firm based in Sarasota, FL

Toronto, Ontario (PRWEB) December 17, 2004

Stephen Hiscox of Howard Hiscox & Associates Inc. recently announced a partnership with American real estate appraisal company HealthTrust, LLC to form HealthTrust Canada. Both are leading appraisal firms specializing in the senior housing and healthcare industry in Canada and the US respectively. “We first connected with HealthTrust in June this year through a mutual client with seniors’ communities in Canada and United States”, said Hiscox. “We needed assistance on a portfolio that included properties in the US and asked for their assistance,” continued Hiscox. “Throughout the course of the assignment we observed firsthand their proprietary systems of database management and technology systems known as HealthComps® they have developed over the past 10 years. We became interested in adopting the systems for our own practice. HealthComps® is a major advancement for us with respect to information management and product delivery” said Hiscox. “This partnership allows us to grow, providing better and more meaningful information faster to our clients” he added. Hiscox is president of the new firm.

With the addition of HealthTrust Canada, ULC, HealthTrust, LLC moves into the international arena. “This is a logical progression for us,” said Alan Plush, Senior Partner of the American firm. “Our focus is Senior Housing and Healthcare real estate valuation and advisory services. This burgeoning market is facing explosive growth in the immediate future as the Baby Boom Generation hits its Golden Years. Our new partners have an impressive client list that includes Canada’s largest Senior Housing & Healthcare companies. As the Senior Housing industry continues to grow and further consolidate, we want to be the top valuation firm in the Senior Housing and Healthcare segment. This partnership propels us toward that goal,” said plush from his Sarasota, FL-based home office

HealthTrust, ULC is located in Markham, Ontario, northeast of Toronto.

About HealthTrust, LLC

HealthTrust is the recognized industry leader in Senior Housing & Healthcare real estate advisory services. The core team of Partners and Senior Associates has worked together for over ten years with the belief that a successful financial services firm revolves around talented people. The HealthTrust staff includes designated Members of the Appraisal Institute (MAI) and the American Society of Appraisers (ASA), as well as professionals holding State Certified General Appraiser licenses in over 30 states and Canada.

HealthTrust, LLC, represents a diverse talent base with experts in each of the specialty product lines–Independent Living, Assisted Living, Skilled Nursing, CCRCs & Hospitals. The HealthTrust team displays the highest values and standards addressing clients’ unique requirements. Each one of the Partners and Staff is committed to providing the highest level of service while maintaining quality and integrity. HealthTrust attends all major trade conferences to keep pace with current and upcoming trends, while connecting with industry lenders and operators of this niche industry.

HealthTrust, LLC has offices in Birmingham, Boston, Los Angeles, Portland, OR, Sarasota and HealthTrust Canada in Markham, Ontario. To learn more, visit www. healthtrustllc. com.

HealthTrust Canada, ULC

60 Renfrew Drive, Suite 330

Markham, Ontario L3R OE1

(905) 513-6777 F: (905) 513-1101

CONTACT:

Stephen Hiscox, AACI

E-mail: sehiscox@rogers. blackberry. net

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