Asset Accuracy: A Professional Appraisal Is Essential to Know What You Have and What It’s Worth

Pharmaceutical companies spend millions, or even billions, equipping state-of-the-art facilities with the best quality equipment. Those assets are an essential ingredient in a company’s success, but far too many companies often do not know what they

have and what it’s worth. In a recent white paper released by Pharmaceutical Technology, “Asset Accuracy: A Professional Appraisal is Essential to Know What You Have and What It’s Worth,” following up on a recent podcast in which Pharmaceutical Technology talked with Christopher Kinzie, Director of Appraisals and Valuations for EquipNet.

While many pharmaceutical companies are probably familiar with the need for appraisals when they’re selling their company or preparing for a merger, there are other types of circumstances that might warrant the need for knowing the value of assets, including when companies are:

• Shielding themselves from tax liability
• Preparing for dispensation or liquidation
• Changing corporate standing
• Dissolving a partnership
• Forming a buy/sell agreement
• Seeking financing

With the IRS, asset valuation is absolutely needed when a company is donating or gifting equipment. Insurance plans also require better data on asset valuation.

To learn more about equipment valuations in the pharmaceutical industry, you can download the white paper or listen to the entire PharmaTech podcast. To learn more about EquipNet’s valuation and appraisal services and how they can be used in your company, please visit our Valuations Services page.

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