Raymond A. Dennehy, III – President

Raymond Dennehy is President of Health Care Valuation Advisors, Inc. The firm specializes in the appraisal and consulting of management intensive elderly housing, most specifically, the valuation and analysis of skilled nursing facilities and assisted living facilities throughout the United States. He also has experience with market and financial analysis for other types of senior housing properties such as age restricted congregate housing, dementia specific assisted living and hospitals. He is qualified and active as an expert witness, feasibility consultant, and has assisted clients in the acquisition and disposition of management intensive housing.

Mr. Dennehy has also represented clients as a real estate consultant in the acquisition and/or disposition of their seniors housing assets. He has been involved in guiding clients through transactions of skilled nursing facilities. He understands the complex nature of the real estate issues pertaining to seniors housing. He maintains a current technical understanding of health care reimbursement methodologies as well as the many other topics that affect the dynamics of seniors housing. Therefore, he can provide valuable advice relative to acquisition, disposition, refinancing or real estate development issues for the seniors housing industry. He leverages his experience in other areas of seniors housing to provide added support in the analytical assessment of nursing homes and assisted living facilities.

Mr. Dennehy has testified before courts in Massachusetts, Connecticut, New Hampshire and Virginia as a recognized expert in seniors housing issues. Specifically, he has been recognized by the Appellate Tax Board of Massachusetts as an expert in separating the real estate value (including FF & E) and intangible business assets from properties with a going concern value.

Mr. Dennehy lives in Princeton, Massachusetts with his wife and son. He served as an elected member of the Board of Selectmen for seven years with two years as Chairman. Prior to that he was on the Planning Board for five years and served as Chairman for three of those years. He served as Chairman of Board of Trustees of the HealthAlliance Home Health & Hospice Inc. and was a Director of the HealthAlliance Realty Corporation, both associated with HealthAlliance Hospital in Leominster, Massachusetts. He is currently Chairman of the Board of Directors of the Marblehead, MA based AdventCare, Inc. a not-for-profit owner/operator of two skilled nursing facilities with 234 beds. Mr. Dennehy is the founding principal of Wachusett Ventures, LLC. Wachusett Healthcare currently owns/operates five skilled nursing facilities in Massachusetts and Connecticut. His current role with Wachusett Healthcare is real estate oriented and consults in the firm’s measured growth opportunities.
He is also a partner with New England Healthcare Services, LLC, a financial analysis and consulting firm specializing in the healthcare industry.

Mr. Dennehy has a BSBA in Finance and Marketing from the University of Denver in Denver, Colorado. He has a Practicing Affiliate membership in the Appraisal Institute. He currently holds certified general real estate appraiser licenses in a number of states throughout the country. Mr. Dennehy has achieved the rank of Eagle Scout, has been an alpine ski racing coach for many years and enjoys playing golf in the summer. Mr. Dennehy has been a long-time resident of Princeton, Massachusetts with his family.