BOCA RATON, FL (May 29, 2024) – HealthCare Appraisers, Inc., a premier provider of healthcare valuation and consulting services, is pleased to announce that it has been acquired by Stout, a leading global advisory firm. HealthCare Appraisers has been a market leader in healthcare valuation for over two decades, delivering exceptional service and unparalleled expertise to its clients. This strategic move underscores HealthCare Appraisers’ commitment to growth and further solidifies its position in the healthcare valuation industry.

HealthCare Appraisers’ team of approximately 70 professionals will join Stout’s Valuation Advisory group, significantly expanding Stout’s expertise in healthcare compensation valuation and enhancing its capabilities in business valuation, machinery and equipment valuation, and real estate valuation. The team is led by Founder and Managing Partner Daryl Johnson, who will now serve as a Managing Director in Stout’s Valuation Advisory Group.

“Joining forces with Stout marks an exciting new chapter for HealthCare Appraisers,” said Daryl Johnson, Managing Partner at HealthCare Appraisers. “This strategic partnership not only enhances our ability to deliver exceptional service and value to our clients but also presents exciting opportunities for growth and innovation of our capabilities.”

“Stout’s acquisition of HealthCare Appraisers is a significant milestone in our growth journey,” said Greg O’Hara, President of the Valuation Advisory group at Stout. “This strategic move strengthens our healthcare expertise and enhances our service offering, enabling us to help our healthcare clients tackle the unique challenges of the industry more effectively.”

The deal marks Stout’s sixth acquisition since Audax Private Equity’s investment in November 2021. The acquisition of HealthCare Appraisers was finalized on May 16, 2024, with legal counsel provided by Winston & Strawn LLP. McDermott Will & Emery served as special ESOP counsel.

About HealthCare Appraisers

HealthCare Appraisers is a market leader in healthcare valuation and consulting services headquartered in Boca Raton, Florida. For more than 20 years, HealthCare Appraisers has provided independent, objective, and reliable healthcare valuation and advisory expertise. The team completes approximately 10,000 valuation and consulting projects annually.

About Stout

Stout is a global advisory firm specializing in corporate finance, accounting and transaction advisory, valuation, financial disputes, claims, and investigations. We serve a range of clients, from public corporations to privately held companies in numerous industries. Our clients and their advisors rely on our premier expertise, deep industry knowledge, and unparalleled responsiveness on complex matters. Learn about our Relentless Excellence® at

Stout is a trade name for Stout Risius Ross, LLC, Stout Advisors SA, Stout Bluepeak Asia Ltd., Stout GmbH, MB e Associati S.r.l., Stout Park Ltd, and Stout Capital, LLC, a FINRA-registered broker-dealer and SIPC member firm. The terms “Stout” or the “firm” refer to one or more of these legally separate and independent advisory practices.