(Pittsburgh) May 4, 2011 — Sullivan, Cotter and Associates, Inc., an independent consulting firm specializing in Executive, Employee, and Physician Compensationand Governance in the tax-exempt, not-for-profit industry with a specific focus within health care, announced today that it has expanded its Physician Compensation Practice with a team of seven associates who join the firm from Diversified Medical Management (DMM), the health care consulting division of McCrory & McDowell LLC.
In conjunction with this expansion, SullivanCotter has also opened its newest business location in Pittsburgh, Pennsylvania. The new location is at 20 Stanwix Street, Suite 502, Pittsburgh, PA 15222.
“The addition of Diversified Medical Management’s professional team gives us additional content expertise to supplement our already talented Physician Practice,” said SullivanCotter CEO, Ted Chien.
Timothy Reed, CPA/ABV, CVA formerly of DMM, opens the Pittsburgh office as a Principal and Practice Leader for SullivanCotter’s Physician Practice Business Valuations Group. Reed has considerable experience evaluating and negotiating purchase and sale transactions of community-based and academic physician practices to ensure that clients receive professional independent valuations in conformity with industry standards.
“Tim and his team bring to SullivanCotter many years of experience in Valuation Services including Physician Practice Business Valuations, Fair Market Value Assessments and industry benchmarking,” said Chien. “With the addition of these associates, SullivanCotter will be able to significantly enhance the breadth and depth of services we offer our clients and prospects in the area of Physician Compensation.”
SullivanCotter specializes in the assessment and development of total compensation and reward programs for physicians and executives in the health care industry. Since 1992, SullivanCotter has worked closely with health care organization executives, boards and compensation committees to devise innovative compensation solutions that attract and retain leadership talent while satisfying not-for-profit missions and regulatory requirements. A leader in independent consulting, benchmarking, trends and analyses, SullivanCotter has also developed the most widely recognized physician and executive compensation surveys in the United States.