|By PR Newswire||
|July 30, 2014 01:50 PM EDT||
WOODLAND HILLS, Calif., July 30, 2014 /PRNewswire/ -- Analysts with Great American Group, Inc. (OTCBB: GAMR) report that as the healthcare industry continues to undergo unprecedented changes, including reforms of the Affordable Care Act ("ACA"), wider consumer choice, public and private exchanges, and new technology, many organizations within the industry remain ambivalent about how best to respond to such changes.
According to Great American Group's latest Healthcare and Pharmacy Monitor, performance across different sectors of the healthcare industry varied. Demand for new medical equipment is being impacted by market conditions, as well as the ability of certain industry participants to win bids related to the ACA's competitive bidding program, while used medical equipment is exhibiting strong performance due to increased revenue growth for rental goods. Meanwhile, demand for medical supplies remains consistent, while wholesale pharmaceuticals and supplements are benefiting from new product launches.
"As a result of the ACA's competitive bidding program, GA has observed decreased sales for suppliers who are not part of the program and decreased gross margins for those that are part of it," noted Paul Arceri, Director of Great American Group's Industrial Appraisal division. He continued, "GA has also seen an increase in acquisition activity by companies that did not win; these companies are purchasing firms with winning bids in order to remain competitive in the marketplace."
Additionally, over the past year, analysts at Great American Group have seen an increase in appraisals in which companies sell directly to patients and are becoming increasingly dependent upon payment from third-party payors, usually Medicare or insurance companies. This trend will likely increase as the ACA continues to roll out various reforms. Recent appraisals have included all healthcare inventory types: equipment, supplies, and pharmaceuticals. Moreover, Great American Group has observed an increased level of merger and acquisition activity within equipment, supply, and pharmaceutical companies.
For more information about healthcare industry trends, download Great American Group's Healthcare and Pharmacy Monitor, which is available on the company's website at http://www.greatamerican.com/about/industry-insights.html.
For more information about asset disposition or advisory and valuation services visit www.greatamerican.com.
About Great American Group, Inc. (OTCBB: GAMR)
Great American Group is a leading provider of asset disposition and auction solutions, advisory and valuation services, capital investment, and real estate advisory services for an extensive array of companies. A trusted strategic partner at every stage of the business lifecycle, Great American Group efficiently deploys resources with sector expertise to assist companies, lenders, capital providers, private equity investors and professional service firms in maximizing the value of their assets. The company has in-depth experience within the retail, industrial, real estate, healthcare, energy and technology industries. The corporate headquarters is located in Woodland Hills, Calif. with additional offices in Atlanta, Boston, Charlotte, N.C., Chicago, Dallas, Melville, N.Y., New York, Norwalk, Conn., San Francisco, London, Milan and Munich. For more information, call (818) 884-3737 or visit www.greatamerican.com.
Great American Group, Director of Marketing
SOURCE Great American Group, Inc.
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