REDW LLC, one of the Southwestâ€™s 10 largest certified public accounting and business consulting firms, is pleased to announce the merging of the Edelman Company, a Phoenix-based accounting firm with specialized expertise in providing services to physicians and medical practices. REDWâ€™s decision to join forces with Richard (Rich) Edelman, owner and Managing Director of the Edelman Company, is part of its strategic plan to expand its financial service offerings to the broader healthcare industry, and to physician groups more specifically.
In recent years, REDW has been carefully evaluating opportunities for expansion by joining with other firms that share similar values and a strong commitment to their clientsâ€”and the Edelman Company fit the bill. Rich Edelman affirms, â€œMy intent was to find a firm that offered just the right combination of expertise, talent, resources, client focus, and culture. I found that in REDW, a firm that has long been respected throughout the Southwest.â€ Rich added, “Ultimately, though, it is all about my clients. I wanted to merge into a firm I trust will meet their needs and service expectations now and in the future.â€
Sandy Abalos, Principal-in-Charge of REDWâ€™s Phoenix office, says, â€œThe acquisition of Richâ€™s specialized business deepens our understanding of the physiciansâ€™ relationship with the various hospital systems operating in the market, knowledge of the factors that are driving consolidation in the physician arena, as well as knowledge of health insurance carriers operating in the area and their contracting policies. We couldnâ€™t be more excited!â€
Rich will serve as REDWâ€™s Director of Healthcare Services, with a primary goal of building a full-service healthcare practice well positioned to offer holistic and innovative solutions to the ever-evolving needs of the health care industry.
This acquisition will also enhance REDWâ€™s financial services in the healthcare sector, including expertise related to the leasing of medical facilities, allocation of group income among physicians, pension design and administration, business valuation, physician compensation agreements, physician recruiting and hospital contracts, and wealth management.